According to the oil cartel's direct communication data, Nigeria recorded 1,539 million barrels per day in January from 1,485 million recorded in December 2024, an increase of 54,000 barrels.

The US expects bigger oil surpluses than it previously projected for this year and in 2026, driven by continued growth in ...

The Organization of the Petroleum Exporting Countries (OPEC)’s latest monthly report indicates that the price of Iran’s heavy crude oil rose by $6.65, or 9.1 percent, in January compared to December, ...

BAKU, Azerbaijan, February 14. Kazakhstan’s crude oil production in January 2025 was estimated at 1.53 million barrels per ...

The Organisation of Petroleum Exporting Countries (OPEC) has expressed deep commitment to long-term market stability over ...

A worst-case scenario for the West would be if OPEC members embargo oil exports to the U.S. and its key allies.

Oil prices have suddenly started climbing due to concerns over the tightening of Russian oil exports to China and India. This ...

According to the latest monthly report from OPEC, Iran’s heavy crude oil prices rose significantly in January, increasing by ...

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

Trump’s promotion of fossil fuel-driven growth poses significant challenges, but there are mitigating factors as well.

Russia has claimed 100% compliance with its oil production quota under the OPEC+ agreement in January and February.

The Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, have resolved to ...