Members of the Organization of Petroleum Exporting Countries and their allies decided over the weekend to boost oil output by ...

The focus of this post is an overview of World oil production along with a more detailed review of the top 11 Non-OPEC oil-producing countries. Production from November 2025 to December 2026 appears ...

There are currently serious fears about a glut in the oil markets – too much oil. And an abundance of oil has the effect of ...

The focus of this post is an overview of World oil production along with a more detailed review of the top 11 Non-OPEC oil-producing countries. The World’s May oil production decreased by 6 kb/d to 83 ...

Current projections estimate demand will reach around 106 million barrels per day by 2030, with crude oil prices expected to ...

Discover how OPEC, the global oil cartel, influences oil prices and production in 2024. Learn about its member nations, history, challenges, and current strategies.

KUWAIT CITY • OPEC members and non-cartel nations are leaving open the possibility of a six-month extension on a deal to reduce oil production, according to a statement Sunday by a committee of ...

OPEC+ managed to both meet market expectations and deliver a surprise by agreeing to a small rise in crude oil output for ...

Downside risks to global oil prices remain despite oil producing countries under the Organisation of the Petroleum Exporting ...

Oil prices were flat on Friday, but were heading for a third consecutive monthly decline, as a stronger U.S. dollar, weak China data and rising supply from major global producers weighed. Retracing ...

Having reaped fantastic financial rewards from choking supplies to a thirsty oil market over the past two years, Opec is now suffering the aftermath. The restrictive policy has helped exacerbate the ...

VIENNA (Reuters) - An OPEC and non-OPEC technical committee found on Sunday that oil producers' compliance with a supply-reduction agreement reached 163% in May, three sources familiar with the matter ...