Saudi Arabia, the de facto leader of the Organization of the Petroleum Exporting Countries, said Sunday that it would extend ...
Despite the extension of OPEC+ production cuts, OPEC saw its oil production rise by more than 200,000 bpd in February.
Putin backed the production cuts, but said the output is dropping "while it grows in other countries such as the US, and we ...
As long as demand remains strong and growing, the oil market will swing into the deficit that OPEC’s leader needs to ...
OPEC left its estimates for global oil-demand growth unchanged, but raised its economic forecast for this year further amid ...
OPEC+, made up of the Organization of the Petroleum Exporting Countries and its allies, including Russia, will extend voluntary production cuts into the second quarter, Saudi Arabia’s official ...
OPEC on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024 and 2025, and further raised ...
In an oil market update sent to Rigzone late Tuesday, Rystad Energy Senior Vice President Jorge Leon outlined that OPEC+’s ...
Iraq will reduce its crude exports to 3.3 million barrels a day in the coming months to compensate for any rise above its OPEC+ quota in January and February, the oil ministry said on Monday.
DUBAI (Reuters) -OPEC+ members led by Saudi Arabia and Russia agreed on Sunday to extend voluntary oil output cuts of 2.2 million barrels per day into the second quarter, giving extra support to ...
Oil futures rose Thursday, finding support after the International Energy Agency lifted its forecast for oil-demand growth ...
Nigeria, the largest crude oil producer in Africa, is poised to navigate challenges in its oil production following the ...