William Lundin, IPC's President and Chief Executive Officer, comments: “We are very pleased to announce that IPC achieved strong operational results in 2024. Our average net production was 47,400 ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Opec will stop using the US Energy Information Administration (EIA) to independently monitor its members ...

OPEC has maintained its oil demand forecast despite concerns over U.S. President Trump’s trade policy. The group cited increased market uncertainty, with potential supply-demand imbalances leading to ...

Iran called on its OPEC peers to take united action against harsher enforcement of U.S. sanctions. Iran's weak position within OPEC and the broader Middle East makes stringent measures against the ...

OPEC warned that President Donald Trump’s trade policies risk stoking volatility in global markets. The new tariffs have “added more uncertainty into markets, which has the potential to create ...

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

However, the group could also decide to start raising output to offset any potential losses resulting from U.S. sanctions against Russia and Iran. OPEC kept its estimates for global economic ...

The president has also urged the Opec to “cut the price of oil”, renewing a refrain from his first term in office. Crude futures are trading near US$76 a barrel in London, having retreated about 17 ...

DUBAI: Iran’s President Masoud Pezeshkian urged OPEC members to unite against possible US sanctions, after US President Donald Trump said he would seek to drive Tehran’s oil exports to zero.