Oil prices fell to a four-year low in April and are expected to drop further amid uncertainties about global economic ...

The embargo caused a supply shock, increasing energy costs and production expenses, impacting various sectors of the economy. The 1973 OPEC oil embargo created an ... this is how rates apply to ...

OPEC said Nigeria produced 1.51 million bpd in March as against 1.54 million bpd in February. "Total DoC crude oil production averaged 41.02 mb/d in March 2025, which is 37 tb/d lower, m-o-m ...

The OPEC+ members currently participating in voluntary production cuts will meet this ... a Bloomberg survey released Thursday showed that OPEC’s actual output fell by 200,000 bpd in April ...

OPEC’s crude production fell last month despite the group’s long-awaited plans to increase, with much of the reduction stemming from looming US sanctions on Venezuela. Output from the ...

(Bloomberg) -- Oil slumped as OPEC discussed making a second major production increase, inflaming concerns about swelling global supplies that have dragged down crude prices this year. West Texas ...

OPEC just pulled a plot twist. Instead of raising production as planned, the cartel’s April output dropped by 200,000 barrels per day (bpd) to 27.24 million bpd, according to a new Bloomberg ...

Under such pressures, producers with higher costs, like shale drillers in the United States, which have been increasing output in recent years while OPEC restrained production, may be forced to ...

Oil prices shed 2% Monday to end at a fresh four-year low after OPEC and its market allies this ... a move to unwind production curbs much faster than had been expected. Prices are now deeper ...

Key OPEC+ nations are discussing making another production increase of roughly 400,000 barrels a day in June ahead of a video-conference to set policy on Saturday, delegates said. The group led by ...

(Bloomberg) — OPEC’s crude production fell last month despite the group’s long-awaited plans to increase, with much of the reduction stemming from looming US sanctions on Venezuela. Output from the ...

(Bloomberg) -- Iraq plans to cut oil exports next month as OPEC presses members to adhere to production targets, according to an official with knowledge of the matter. The group’s second-largest ...