The Organization of the Petroleum Exporting Countries (OPEC) on Wednesday affirmed its growth outlook for oil demand and ...

The cartel still expects demand to grow by 1.45 million barrels a day this year and 1.43 million barrels a day the next, ...

This gradual increase may be paused or reversed subject to market conditions', a statement posted on OPEC's site noted.

OPEC+ has decided to proceed with a planned April oil output increase, the group said on Monday, a move that follows U.S.

The international benchmark fell to its lowest point since 2021 after a decision by Saudi Arabia and other producers to pump ...

The total number of active drilling rigs for oil and gas in the United States slipped this week, according to new data that Baker Hughes published on Friday, after a 1-rig increase in the week prior.

MOSCOW, March 12 (Reuters) - Kazakhstan contributed more than a half of overall OPEC+ oil production rise in February, lagging behind its pledges to reduce production, OPEC data showed on Wednesday.

By Rebecca F. Elliott Oil prices fell on Monday afternoon to their lowest level of the year after the OPEC oil cartel and its allies affirmed plans to gradually increase crude production beginning ...

The increase in oil output comes as President Trump has called on OPEC countries to “cut the price of oil.” The Trump administration has repeatedly engaged with Saudi Arabia. The president’s ...

OPEC kept its global oil demand growth forecast unchanged for the third successive month, amid expectations that China will be the main driver of consumption growth among non-OECD member countries. In ...