September 27, 2016. Oil prices rose modestly ahead of a meeting of producers from the Organization of the Petroleum Exporting Countries (OPEC) cartel and Russia in Algeria on September 28 that ...

OPEC cut its forecast for global oil demand growth this year and next on Tuesday, highlighting weakness in China, India and ...

Crude oil prices fell Monday after the Organization of the Petroleum Exporting Countries (OPEC) reduced its oil demand outlook for 2024 and 2025 once again, citing data received so far this year.

ENigeria’s oil production has hit 1.8 million BPD, marking the highest in years, with an ambitious year-end target of 2.5m ...

The profits of oil companies for fiscal 2024/2025 might not be better than the previous fiscal year (2023/2024), as ...

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In June, OPEC said 2.2 million barrels a day in voluntary cuts were extended until September but would then be gradually reduced month by month until they are eliminated by September 2025.

Prices for U.S. crude also rose about 2 percent to above $71 a barrel. OPEC Plus had first announced in June that it would gradually increase production by an estimated 2.2 million barrels a day ...

Oil and gas expert Nasser Jaham Al Kuwari highlighted that current market projections point toward a sustained surplus in the ...

OPEC's spare oil production capacity is the go-to argument by many analysts when the threat of higher prices rears its head. The latest International Energy Agency monthly report was no exception.

In June, OPEC said 2.2 million barrels a day in voluntary cuts were extended until September but would then be gradually reduced month by month until they are eliminated by September 2025.

LONDON, Oct 14 (Reuters) - OPEC on Monday cut its forecast for global oil demand growth in 2024 reflecting data received so far this year and also lowered its projection for next year, marking the ...