TASS/. OPEC+ countries slashed oil production by 283,000 barrels per day (bpd) in October 2024 and were producing below the target by 154,000 bpd, the OPEC said in its November report. The OPEC+ ...

The group’s members have shown a lack of confidence in the Vienna-based secretariat’s forecasts. Led by Saudi Arabia, OPEC ...

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

The Organization of the Petroleum Exporting Countries cut its forecast for oil-demand growth for the fourth consecutive month ...

Born in 1949 in Venezuela, Carlos was raised in a family with a strong political background. His father, a Marxist, instilled in him a radical perspective from a young age. By his teenage years, ...

Eight members of the OPEC+ group of oil-producing nations said on Sunday they were extending supply cuts until the end of December. The move is aimed at boosting oil prices amid uncertain demand and ...

OPEC oil output rebounded in October from its lowest this year the previous month as Libya resolved a political crisis, a ...

No reason was given for the move, which comes ahead of the U.S. presidential election on Nov. 5. In June, OPEC said 2.2 ...

The eight members of OPEC+ were due to begin gradually increasing their output from the end of this month, but say they will now begin unwinding the 2.2 million barrels a day cut from January. The ...

Eight members of the OPEC+ group of oil-producing nations said on Sunday they were extending supply cuts until the end of December. The move is aimed at boosting oil prices amid uncertain demand and ...

Eight members of the OPEC+ group of oil-producing nations announced on Sunday they were extending voluntary supply cuts for ...

Saudi Arabia and allied oil producing countries said on Sunday they would postpone a plan to gradually increase oil output ...