OPEC has rejected U.S. calls for increased oil production, stating that the cartel's decisions are based on market fundamentals and not political considerations.

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

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

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

The Kazakhstan Energy Ministry reiterated the country’s dedication to cutting oil production under the historic OPEC+ ...

to stick with its plan - to lift production by 120,000 ... Rigzone has contacted OPEC, the American Petroleum Institute (API), the International Association of Oil & Gas Producers (IOGP), the ...

This means the government produced 1.42m barrels from 1.484m barrels in December. OPEC oil production dipped in December – Report OPEC appoints Nigeria's Adeyemi-Bero board of governors ...

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 ...

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 ...

But the oil market is front-running their worry, hitting multi-month highs from the combination of a European ban on Russian supply,... The Devil Is Always In The ISM Details And Can OPEC Deliver ...

“After thorough analysis from the OPEC Secretariat, the Committee replaced Rystad Energy and the Energy Information ...