Muhammad Tamim, Iraq’s deputy prime minister and minister of planning, says the decision to raise production will be examined ...

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 ...

OIL companies on Tuesday lowered the prices of gasoline and diesel by 10 centavos per liter and kerosene by 30 centavos.

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

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+ ...

KUWAIT: Oil prices fell in 2024, weighed down by concerns over the robustness of global oil demand growth amid weak economic activity in China especially and burgeoning non-OPEC+ supply led by output ...

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

Decisions made by oil producer group OPEC take a long-term view of the global markets and are aimed at providing price ...

The bloc will be key in “filling an Iranian-shaped hole in global oil supply” by sticking to a plan to begin unwinding 2.2m ...

However, Kazakhstan has already extended its oil production cuts for the entire first quarter of 2025, ensuring alignment with OPEC+ regulations. The Energy Ministry further assured that production ...

Compensations by OPEC+ ‘debtors’ in January were expected at 120,000 bpd of oil from Iraq and 65,000 bpd from Kazakhstan, according to the latest released schedule ...

Oil exporting countries under the OPEC recorded 26.53 million barrels per day in January 2025 ... OPEC will continue with earlier decisions to maintain production cuts till the end of Q1, 2025 due to ...