OPEC has rejected U.S. calls for increased oil production, stating that the cartel's decisions are based on market ...

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

Leaked documents from Russia's economy ministry and central bank reveal the three major risks facing the country as it ...

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 ...

U.S. President Donald Trump will restore his "maximum pressure" campaign on Iran and drive its oil exports to zero, a U.S.

Decisions made by oil producer group OPEC take a long-term view of the global markets and are aimed at providing price stability, Secretary General Haitham Al Ghais said at the India Energy Week ...

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 ...

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 ...

LONDON (Reuters) -OPEC+ agreed to stick to its policy of gradually raising oil output ... ministers from OPEC and allies led by Russia (OPEC+) discussed Trump's call to raise production, and ...

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 ...