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 ...

Opec and its partners have pressured crude prices lower in recent months with their surprise move to open the taps after ...

Stock prices advanced on Wednesday, with the S&P 500 closing 0.61% higher and inching closer to last Friday’s record high of ...

Making a start with the data on the ground of the US oil market, we note that last Thursday, Baker Hughes reported a ...

According to the forecast, global oil demand will increase by 18.2 mln barrels of oil equivalent per day by 2050, while gas demand will rise by nearly 20 mln boe/d ...

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 ...

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 ...

Bloomberg reported that some forecasts from major firms including Goldman Sachs and Citi see Brent prices falling to US$60–65 ...

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 ...