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.

The approval of a plan by the Iraqi Parliament to increase payments to international oil companies operating in the semiautonomous northern region is ...

Oil-producing states in Nigeria have received a total of N2.85tn in 13 per cent derivation revenue between 2022 and 2024, ...

What is WTI Oil? WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, ...

EU Mid-Market Update: Another session with volatility weighted to second half of day as market waits for first US CPI reading ...

Should we ban agricultural exports to ensure local food availability or encourage exports to generate the much-needed foreign exchange?

In January, overall OPEC crude-oil production fell by 121,000 barrels a day to 26.68 million barrels a day. UAE production fell by 37,000 barrels a day to 2.9 million barrels a day, while Nigerian ...

OPEC's priorities include supporting and ensuring global oil market stability to secure reliable, cost-effective, and regular ...

Russia was in full compliance with the OPEC+ deal to restrain oil production in January and plans to do so this month, Deputy ...

The Organization of Petroleum Exporting Countries (OPEC) has kept its global economic growth forecasts steady, with expectations of 3.1% growth in 2025 and 3.2% in 2026, according to its monthly oil ...

Crude oil futures climbed to a two-week high, as concerns over sanctions on Russian and Iranian oil supplies and rising ...