Oil market analysts said the UAE’s message is clear: supply increases are not a sign of surplus but a necessary response to ...

World demand will average 105 million barrels per day this year, OPEC said in its 2025 World Oil Outlook published on ...

Saudi Arabia, the United Arab Emirates, and Kuwait—lined up on Wednesday to say that the super-sized addition of supply by the producer club at the weekend was needed by the global market. Oil prices ...

VIENNA, July 10. /TASS/. OPEC+ nations are projected to increase their oil supply by 15 mln barrels per day (bpd) by 2050 compared to 2024 levels, reaching 64.1 mln bpd, while expanding their share of ...

Energy ministers talked through production capacity, investment and the green transition at this week’s OPEC conference in ...

According to OPEC’s forecast, US oil production is projected to reach 23.1 mln bpd by 2030, compared with 21.8 mln bpd in 2024. Shale oil and tight oil output are expected to increase to 16.5 mln bpd ...

OPEC is sticking to its guns while everyone else is screaming climate emergency. The cartel now says global oil demand will hit 123 million barrels a day by ...

Nigerian National Petroleum Company Chief Executive Officer Bayo Bashir Ojulari says OPEC+'s decision to accelerate the return of barrels to the market was the "right thing to do," adding that ...

Oil prices were swinging between gains and losses but remained modestly higher for the week, supported by a weaker dollar as Trump's new tariff rates weighed on sentiment. The Organization of the ...

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Oil is expected to hold nearly 30% of the energy mix, while combined with gas it will stay above 50% through the period. "Oil underpins the global economy and is central to our daily lives," OPEC said ...

Herman Wang, Chief Editor, EMEA & APAC Oil News at Platts joins CNBC's Dan Murphy at the OPEC International Seminar in Vienna to discuss recent production hikes within the alliance, and the outlook ...