Saudi Arabia’s oil minister reportedly warned fellow producers that oil could drop to $50 if they don’t comply with agreed ...

Analysts have cut their 2024 oil price forecasts for a fifth consecutive month, citing weaker demand and uncertainty over ...

Oil prices continued to rise on Wednesday as concerns over supply disruptions after Iran attacked Israel dominated sentiments ...

OPEC’s crude production declined sharply last month after a political crisis slashed supplies from Libya. Output from the Organization of Petroleum Exporting Countries slumped by 480,000 barrels a day ...

Output from the Organization of Petroleum Exporting Countries slumped by 480,000 barrels a day to 26.61 million a day in ...

Saudi Arabia, the de-facto leader of the Organization of the Petroleum Exporting Countries, is once again faced with a ...

Oil company scion John Hess allegedly 'communicated publicly and privately with OPEC representatives and oil ministers of ...

Global energy demand will grow 24 per cent by 2050, with oil dominating world markets in need of 120.1 million barrels per ...

The cartel said oil demand is forecast to reach 120.1 million barrels a day in 2050 from 102.2 million barrels a day last ...

The Organization of the Petroleum Exporting Countries, OPEC, published its World Oil Outlook for 2024, with optimistic forecasts for robust oil demand growth.

[Stay on top of transportation news: Get TTNews in your inbox.] OPEC doubled down on forecasts that global oil demand will keep growing to the middle of the century, an outlier view that ...

OPEC raised its forecasts for world oil demand for the medium and long term in an annual outlook, citing growth led by India, Africa and the Middle East and a slower shift to electric vehicles and ...