OPEC on Wednesday stuck to its forecast for relatively strong growth in global oil demand in 2025, saying air and road travel ...
Muhammad Ali Tamim, Iraq’s deputy prime minister and minister of planning, says the decision to raise production will be ...
World oil output without the US increased by 692 kb/d to 68,304 kb/d. November’s production is expected to increase by 238 kb ...
Decisions made by oil producer group OPEC take a long-term view of the global markets and are aimed at providing price stability, Secretary General Haitham Al Ghais said at the India Energy Week ...
Tough US sanctions on Russian oil are allowing the biggest Middle Eastern producers to raise prices for their main market by ...
The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria’s average daily crude oil production increased ...
If demand rises with greater strength than expected in 2025, the oil price rally could be even more significant.
US President Trump has vowed to ask OPEC to ramp up production. Lower oil prices will not only impact OPEC, it will also affect US oil producers. OPEC has a very different agenda than Trump and is ...
Haitham Al Ghais, Secretary-General of OPEC, said that investment needs in the oil sector will remain substantial to reliably meet the expected growth in oil demand, with cumulative investment ...
According to the oil cartel’s direct communication data, Nigeria recorded 1,539 million barrels per day in January from 1,485 million recorded in December 2024, an increase of 54,000 barrels.
OPEC oil output fell in January for a second month, a Reuters survey found, as a drop in exports from Nigeria and Iran offset ...
Nigeria has, for the first time, met the Organisation of Petroleum Exporting Countries’ (OPEC) crude oil production quota of 1.5 million barrels per day ...