World oil output without the US increased by 692 kb/d to 68,304 kb/d. November’s production is expected to increase by 238 kb ...

OPEC oil production declined in January, primarily due to lower output from Iran and Nigeria, despite the JMMC reaffirming ...

LONDON, Feb 4 (Reuters) - U.S. President Donald Trump will restore his "maximum pressure" campaign on Iran and drive its oil ... OPEC, Russia and their allies, has deepened cuts, reducing ...

NEW DELHI, Feb 11 (Reuters) - (This Feb. 11 story has been corrected to specify OPEC decisions are aimed ... on the producer group to increase oil production to help reduce prices.

The US expects bigger oil surpluses than it previously projected for this year and in 2026, driven by continued growth in American and non-OPEC production and projections that sanctions won’t ...

OPEC has dropped the U.S. Energy Information Administration from its list of secondary sources used to monitor crude oil ...

This means the government produced 1.42m barrels from 1.484m barrels in December. OPEC oil production dipped in December – Report OPEC appoints Nigeria's Adeyemi-Bero board of governors ...

global oil benchmark Brent crude averaged around $81 a barrel in 2024. The Opec statement issued after the 3 February meeting added: “The members of the JMMC who participated in the additional ...

OPEC’s decision to maintain production and sluggish demand weigh on natural gas and oil, signaling bearish trends ahead.

Meanwhile, at its 58th meeting of the Joint Ministerial Monitoring Committee which was held via a video conference on Monday, OPEC reviewed the crude oil production data for the months of November ...

Iraq and Kuwait between them hold almost all the world's spare oil production capacity - idle output that can be brought online in times of war or natural disasters. The International Energy Agency ...