Nigeria’s crude oil production dropped by 30,000 barrels per day (bpd) in January to 1.495 million (bpd), falling short of ...

Compensations by OPEC+ ‘debtors’ in January were expected at 120,000 bpd of oil from Iraq and 65,000 bpd from Kazakhstan, according to the latest released schedule ...

China, India, other Asian countries, as well as Latin American and Middle Eastern states, are expected to be the main drivers of oil demand growth ...

Russia may be forced to throttle back its oil output in the coming months as U.S. sanctions hamper its access to tankers to ...

World oil output without the US increased by 692 kb/d to 68,304 kb/d. November’s production is expected to increase by 238 kb ...

The cartel stuck to its oil-demand forecast after reaffirming plans to gradually hike output from April, but said Trump’s trade policy is injecting a dose of uncertainty into markets.

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

Kazakhstan exceeded its OPEC+ quota by 32k b/d in January, according to Platts data. • Platts data shows that Kazakhstan produced 1.5m b/d in January 2025, above its OPEC+ quota of 1.468m b/d.  • This ...

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

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

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