OPEC's recent decision to pause production increases has stabilized oil prices, demonstrating the group's ongoing influence on global markets. The US, despite being the world's top oil producer ...

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 ...

Siswa SD memberikan hormat kepada bendera Merah Putih mengikuti upacara bendera di SD Negeri Inpres Pasir Dua, Jayapura, Papua(ANTARA FOTO/Gusti Tanati) UNDANG-Undang Dasar Negara Republik Indonesia ...

While Big Oil companies like Exxon and Chevron are invested in OPEC countries, tensions arise as state-controlled production limits investor returns. The relationship between OPEC and Big Oil is ...

"I would say the market is trying to send a strong signal to OPEC that there's no room for any more barrels." Related stories In its latest monthly report, the cartel cut its outlook on oil demand ...

Opec on Tuesday cut its forecast for global oil demand growth in 2024 reflecting data received so far this year and also trimmed its expectation for next year, marking the producer group's second ...

OPEC reported that the average daily crude production rose marginally by 45,000 barrels per day, based on information obtained through direct communication with the Nigerian government.

Oil prices fell over 3% on Tuesday, marking the lowest levels since December 2021. OPEC's monthly report indicates a reduced forecast for oil demand growth in 2024 and a slight decrease for 2025 ...

OPEC on Tuesday (Sep 10) cut its forecast for global oil demand growth in 2024 reflecting data received so far this year and also trimmed its expectation for next year, marking the producer group’s ...

Investopedia / Julie Bang Crude oil futures slipped to multi-month lows Tuesday as OPEC cut its 2024 forecast, citing weakness in demand from China. Brent crude futures fell more than 4% Tuesday ...