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

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

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

LONDON, Feb 12 (Reuters) - OPEC on Wednesday stuck to its forecast for relatively strong growth in global oil demand in 2025, saying air and road travel would support consumption and potential ...

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 ...

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 ...

Secretary-General of OPEC. In statements to the Emirates News Agency (WAM) during the World Governments Summit (WGS) 2025, Al Ghais highlighted that the exploration and production sectors will absorb ...