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

This is what we will keep doing.” President Donald Trump has called on OPEC to start unwinding its production cuts in order to bring down global oil prices and hasten the end of the Ukraine war.

OPEC+ didn’t make any changes to its existing oil-production plans at a review meeting on Monday, even as President Donald ...

OPEC+, which groups OPEC and allies such as Russia, has implemented a series of output cuts since late 2022 to support the market. Its current plan calls for oil output to be gradually increased ...

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

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

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 ...

Nigeria has achieved a significant milestone by meeting its Organisation of Petroleum Exporting Countries (OPEC), crude oil ...

OPEC oil output fell in January for a second month, a Reuters survey found, as a drop in exports from Nigeria and Iran offset ...

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

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

Such a move would reduce crude supply, boosting oil prices and creating ... OPEC+, which includes OPEC, Russia and their allies, has deepened cuts, reducing production by almost 6 million bpd ...