By bnm Tehran bureau Iran topped global crude oil production growth in 2024, increasing output by 374,000 barrels per day (bpd) to achieve a 13% rise, according to OPEC's latest statistical bulletin.

Oil prices are under pressure, despite OPEC+ reportedly nearing the end of its supply hikes. Trump's talk of a “major” Russia ...

The focus of this post is an overview of World oil production along with a more detailed review of the top 11 Non-OPEC ...

As OPEC+ allies restore 548,000 barrels daily, creating oil market volatility, procurement executives face supply chain risks ...

Oil prices rose on Friday, following US President Donald Trump's announcement of an upcoming statement concerning Russia, ...

BEIJING/SINGAPORE (Reuters) -Oil prices rose on Friday after U.S. President Donald Trump said he would make an announcement ...

It is all change at NNPC, says new CEO Bashir Bayo Ojulari, with the Nigerian state oil firm working on a multifront ...

Oil is expected to hold nearly 30% of the energy mix, while combined with gas it will stay above 50% through the period. "Oil underpins the global economy and is central to our daily lives," OPEC said ...

The United Arab Emirates could further boost its oil capacity after 2027 if that is what markets require, its energy minister ...

You can see that even with the increase in several months, we haven't seen a major buildup in the inventories, which means ...

VIENNA, July 10. /TASS/. OPEC+ nations are projected to increase their oil supply by 15 mln barrels per day (bpd) by 2050 compared to 2024 levels, reaching 64.1 mln bpd, while expanding their share of ...

Energy ministers talked through production capacity, investment and the green transition at this week’s OPEC conference in ...