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 ...

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 ...

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

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 ...

VIENNA — OPEC has persuaded 11 non-member oil producers to cut production in an attempt to raise the low prices that have squeezed government finances in resource-dependent countries. Qatari Energy ...

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 ...

OPEC Secretary General Haitham Al-Ghais said Thursday that global demand for primary energy is expected to rise by 23 percent ...

Allow me to begin by extending thanks to His Royal Highness Prince Abdul Aziz Bin Salman, Minister of Energy of Saudi Arabia, and His Excellency Alexander Novak, Deputy Prime Minister of the Russian ...