The kingdom called out members for overproducing, in what was seen as a veiled threat of a price war.

The sharp jump in crude oil prices is expected to be short-lived and subside eventually if the war does not spread widely in ...

LONDON/DUBAI (Reuters) - An OPEC+ panel is unlikely this week to recommend any changes to its current deal to reduce ...

Shock and awe. The war in the Middle East seems to be crossing red line after red line. Following attacks on top Hezbollah ...

Iraq and Kazakhstan in particular are expected to do so. They promised compensation cuts of 123,000 Bpd for September and even more in subsequent months. A source from OPEC+ told us last week that ...

No $100 oil coming soon … but is a rebound coming in Q4? … the contrarian case based on extreme pessimism … long-term ...

A report this month by the International Energy Agency said that while global oil demand is decelerating from 2023 levels due ...

MOSCOW, September 24. /TASS/. Oil supply from OPEC+ countries may increase to 62.9 mln barrels per day (bpd) by 2050, compared to 50.3 mln bpd in 2023, according to OPEC's long-term World Oil Outlook.

Like clockwork, it’s getting less expensive to fill up at the pump in Labor Day’s wake. AAA said earlier this week that the ...

More than 7.7 million people have fled Venezuela in the last decade, mostly to neighboring countries. Half the population of 28 million is desperately short of food.

Although prices have fallen this month, the agency expects them to soon recover, driven by ongoing withdrawals from global oil inventories due to production cuts by Opec ... has so far not been ...

As reported, Iran has maintained its place as OPEC’s third-biggest oil producer after Saudi Arabia and Iraq. Based on secondary sources, Iran produced 3.273 million bpd of crude oil in July, the ...