Producer group OPEC and the International Energy Agency, the world's most closely watched forecasters of oil demand growth, are further apart than they have been for at least 16 years in their ...

OPEC is facing weakening demand for its crude in the first half of 2024 just as its global market share declines to the lowest since the Covid-19 pandemic on the back of output cuts and member ...

OPEC has not invited Reuters or Bloomberg news agencies to report on ministerial meetings in Vienna this weekend to discuss future oil policy, according to reporters, Bloomberg and an OPEC source ...

The death of Opec, the oil-producers cartel, has been predicted many times in the past, but rarely from a member of the club which is why this time it might be correct. So, when Iran's Oil ...

In the report, OPEC said it expected investment in exploration and production outside OPEC+ in 2025 to decline by about 5% year-on-year. In 2024, investment rose by about $3 billion year-on-year ...

OPEC agrees to keep oil production cut, likely maintaining high prices through November election Saudi Arabia has ambitions to diversity its economy away from fossil fuel exports.

OPEC is hoping to slash the supply of crude oil to world markets by 1.5 million barrels per day in an attempt to prop up prices as it confronts the biggest collapse in demand on record.

OPEC did not say which of its members would supply the additional crude, which should start to flow into the market in July. "It was deliberate ambiguity," said Helima Croft, global head of ...

OPEC has a very different agenda than Trump and is not going to do what he wants just because he asks nicely.. One of President Trump’s first orders of business following the initial burst of ...

OPEC To Boost Output Modestly Amid Uncertain Global Economy The group had been expected to delay production increases for several months, given the ongoing impact of the coronavirus pandemic.

An oil port at Ras Tanura, Saudi Arabia, in 2018. The kingdom and seven other members of the OPEC Plus oil cartel will ramp up oil production by 411,000 barrels a day in July.

The OPEC Plus cuts will coincide with the conclusion of that initiative. The timing will amplify the impact, and Mr. Biden is considering releasing more oil reserves intermittently through the winter.