OPEC cut its forecast for global oil demand growth in 2024 and lowered its projection for next year on Tuesday, highlighting ...

The forecasts come amid a slowing Chinese economy, which has significantly hit oil demand and abundant global supply.

Russia's crude oil output edged up in October by 9,000 barrels per day (bpd) to about 9.01 million bpd, the Organization of ...

OPEC cut its oil demand growth forecasts for this year and next for a fourth consecutive month as it belatedly recognized a ...

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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.

particularly initiatives from the National People’s Congress starting on Nov. 4, to seep into its energy markets,” he said.

Russian data show the nation’s crude production in October was almost in line with its target under the OPEC+ agreement, according to people familiar with figures from the Energy Ministry. The nation ...

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 ...