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 ...

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 ...

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

VIENNA – Opec has cut its global oil demand forecasts for the next four years as Chinese growth slows , even as it lifted its ...

Nigerian National Petroleum Company Chief Executive Officer Bayo Bashir Ojulari says OPEC+'s decision to accelerate the ...

However, tensions de-escalated in the Middle East much quicker than expected, and the ceasefire between Israel and Iran ...