With growing competition from non-OPEC producers, the group may need to reassess its production strategy to avoid further ...

OPEC on Wednesday stuck to its forecast for relatively strong growth in global oil demand in 2025, saying air and road travel ...

Iran's President Masoud Pezeshkian urged OPEC members to unite against possible U.S. sanctions on the major oil producer, ...

This is about 39,000 barrels above the 1.5mbpd set for the oil-producing country by OPEC. The PUNCH reports that Nigeria failed to meet the crude oil production quota approved by OPEC throughout ...

October 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/d to 68,542 kb/d. October Non-OPEC oil production increased ...

The cartel stuck to its oil-demand forecast after reaffirming plans to gradually hike output from April, but said Trump’s ...

If demand rises with greater strength than expected in 2025, the oil price rally could be even more significant.

Brazil’s government on Tuesday approved joining OPEC+, a group of major oil-exporting nations, signaling the country’s ...

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), said Nigeria’s average daily crude oil production has increased significantly to 1.539 million Barrels Per Day (bpd) in January. According to ...

LONDON: OPEC on Wednesday stuck to its forecast for relatively strong growth in global oil demand in 2025, saying air and road travel would support consumption and potential trade tariffs were not ...

Overall, the combined crude oil production of OPEC and its allies reached 40.625 million bpd in January, marking a decline of 118,000 bpd compared to December’s 40.743 million bpd. OPEC’s latest ...