OPEC has rejected U.S. calls for increased oil production, stating that the cartel's decisions are based on market ...

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

Oil prices deepened their losses today, Feb. 12, after OPEC maintained its forecast for global oil demand growth this year, while economic data weighe ...

Oil prices settled down more than 2% on Wednesday after U.S. President Donald Trump took the first big step toward diplomacy ...

Russia’s crude output fell to 8.962 million barrels a day in January, 16,000 barrels a day below its target under the OPEC+ ...

Iran, exempted from the OPEC+ cuts due to the U.S. sanctions, saw the second-largest increase in oil output within OPEC and is estimated to have pumped 3.15 million bpd in September—the highest ...

The Organisation of the Petroleum Exporting Countries’ crude production dipped for a second consecutive month in January as a drop in exports from Nigeria and Iran affected crude outputs.

Despite Nigeria's plans to increase crude production, it has seen a major decline in daily crude production in January 2025, ...

Brent futures contracts climbed above $77 a barrel on Feb. 3. Last week, Trump exhorted OPEC to “cut the price of oil.” David Bell, CEO of CloneOps.ai, discusses the impact of AI on the ...

Standard Chartered has argued that Trump is unlikely to get his wish to force OPEC to cut the oil price, nting that ..

2024 Oil prices are under pressure as global demand falters and non-OPEC supply rises. The OPEC+ meeting this week will be pivotal for any potential production cuts. Saudi Arabia is expected to ...

OPEC+ didn’t make any changes to its existing oil-production plans at a review meeting on Monday, even as President Donald Trump called on the group to lower crude prices A panel of key members ...