As part of their commitment to compensate for exceeding production quotas, certain OPEC+ members have submitted detailed ...
The end of oil is not in sight, OPEC's top official said, as the pace of energy demand growth means that alternatives cannot ...
OPEC and its economic allies in the OPEC+ bloc have been trying to cut global oil supplies in order to bid up prices lowered ...
Opec-plus members may finally be ready to start discussing how to unwind their historic production cuts as the second half of ...
1. OPEC+ Sticks to Course as Focus Shifts to Overproducers - The Joint Ministerial Monitoring Committee of OPEC+ has confirmed the oil group’s current production targets, pushing back against ...
Oil will need to be closely watched in the coming months to ensure “a sound and sustainable market balance” during an expected surge in demand, OPEC said in its monthly oil market report.
The Organization of the Petroleum Exporting Countries left its estimates for global oil-demand growth unchanged, but lowered its forecast for non-OPEC supply growth for this year and next.
While oil prices remained relatively stable throughout Q1 2024, gas prices sank to multi decade lows, hitting US$1.55 per ...
LONDON, April 11 (Reuters) - OPEC predicted robust fuel use in the summer months on Thursday and stuck to its forecast for relatively strong growth in global oil demand in 2024, highlighting an ...
LONDON, April 1 (Reuters) - OPEC oil output fell last month, a Reuters survey found on Monday, reflecting lower exports from Iraq and Nigeria against a backdrop of ongoing voluntary supply cuts by ...
Saudi Arabia’s statistics authority estimated that oil activities plunged by 10.6 per cent in the first quarter compared to ...