Citi global head of commodities research Max Layton published seven “high conviction” trade ideas with his most recent ...

The oft-delayed 650,000-barrel-a-day refinery built by Nigerian billionaire Aliko Dangote began producing diesel and aviation fuel in January, but the OPEC member has had to rely on costly ...

In its latest monthly report, Opec lowered the growth in Chinese demand to 650,000 barrels per day from 700,000 bpd this year. (Image: Freepik) Brent crude oil spot prices have been softening this ...

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 ...

New Delhi: The OPEC Fund for International Development announced nearly $1.2 billion in new funding since June 2024, aimed at supporting infrastructure, agriculture, and climate resilience projects in ...

Expert analysis direct to your inbox. Every weekday morning, in time for your morning coffee, Carbon Brief sends out a free email known as the “Daily Briefing” to thousands of subscribers around the ...

Opec lowers oil demand growth projections 12 September 2024 By Indrajit Sen In line with its forecasts of slower growth in crude demand in 2024 and 2025, the Opec+ alliance has also delayed plans to ...

August’s output was measured at 874,000 barrels per day (bpd) by secondary sources in OPEC’s latest monthly bulletin, up from 863,000 bpd in July. The figure establishes a new five-year high as the ...

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 ...

It has promised to resolve the Nigerian contradiction that sees Africa's largest oil producer and an OPEC member having to rely on costly gasoline imports to keep cars running because of a lack of ...