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

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

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

OPEC forecast another year of steady oil demand growth ... report on Jan. 15. In theory, that should allow Saudi Arabia and its OPEC+ partners to revive halted production, ultimately restoring ...

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 ...

OPEC, a cartel of ... given the reliance on oil for production, shipping, and delivery of physical products. The problem with the basic supply and demand theory is that distribution and refinement ...

Global oil markets will face a widening glut in 2026 as OPEC brings back production and output from the US, Canada and Guyana continues to grow, the US government said in its first set of ...

The recent Biden sanctions on Russian oil could expose the flawed assumptions on non-OPEC + production growth, as well as OPEC spare capacity assumptions. My portfolio is heavily overweight on oil ...

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 ...

Investing.com -- The Organization of the Petroleum Exporting Countries (OPEC) saw a decrease in oil output for the second ... most significant decreases in production. In Nigeria, production ...