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 ...

Crude oil closed at the lowest settlement price this year, fueled by near-term supply concerns and expectations that OPEC+ will postpone returning barrels to the market in April as planned.

OPEC oil output fell in January for a second month, a Reuters survey found, as a drop in exports from Nigeria and Iran offset a rebound from the United Arab Emirates where field maintenance had curbed ...

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 ...

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 ...

The group includes the 12 members of OPEC, the longstanding group set up to coordinate oil production to stabilize markets, plus 10 more significant oil-producing nations with Russia by far the ...

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

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 ...

Tough US sanctions on Russian oil are allowing the biggest Middle Eastern producers to raise prices for their main market by ...

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

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 ...