Key up and downside risks to prices remain primarily in potential US overproduction and further escalation between Israel and ...

No reason was given for the move, which comes ahead of the U.S. presidential election on Tuesday. In June, OPEC said 2.2 ...

There is little doubt that, while the outcome of the U.S. elections could dramatically impact U.S. relations with individual members of OPEC, OPEC+ decisions are likely to be largely independent of ...

If the heavyweight Saudi Arabia is no longer willing to give up market share in favour of higher prices, and the cartel ...

Since July, OPEC has cut its demand growth forecasts by nearly 20%, mirroring a notable decline in crude oil prices.

In June, OPEC said 2.2 million barrels a day in voluntary cuts were extended until September but would then be gradually reduced month by month until they are eliminated by September 2025.

OPEC scaled down forecasts for growth in global oil demand for 2024 and 2025 on Tuesday for the fourth consecutive month.

Crude output from the Other 8 OPEC producers (those not part of the Big 4) has risen at an average annual rate of 447 kb/d for the past 36 months. The OPEC Monthly Oil Market Report (MOMR ...

OPEC’s oil production rose last month as Libya restored output that was halted during a brief political crisis. Supplies from the Organization of Petroleum Exporting Countries increased by ...

There is little doubt that, while the outcome of the U.S. elections could dramatically impact U.S. relations with individual members of OPEC, OPEC+ decisions are likely to be largely independent ...