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.

Decisions made by oil producer group OPEC take a long-term view of the global markets and are aimed at providing price stability, Secretary General Haitham Al Ghais said at the India Energy Week ...

Decisions made by oil producer group OPEC take a long-term view of the global markets and are aimed at providing price ...

OPEC decided ... to stick with its plan - to lift production by 120,000 barrels per day every month for 18 months starting ...

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 ...

Despite Nigeria's plans to increase crude production, it has seen a major decline in daily crude production in January 2025, ...

Haitham Al Ghais, Secretary-General of OPEC, said that investment needs in the oil sector will remain substantial to reliably ...

West Texas Intermediate (WTI) Oil price snaps a three-day winning streak, trading around $72.40 per barrel during European hours on Wednesday. The decline follows the American Petroleum Institute’s ...

We make a start with the situation of the US oil market. On Friday, the release of the US Baker Hughes total rig count, ...

The potential for renewed war in Gaza, heightened U.S.-Israel cooperation, and Russia’s growing vulnerability in oil exports create a bullish outlook for oil markets ...

The market cannot overlook the increasing sanctions and potential disruptions to Russian and Iranian oil flows, which could ...