OPEC+ is expected to maintain its current oil production policy for March. Sources indicate no changes are likely when the group meets on Sunday. Brent crude prices have surged to their highest point ...

By Ahmad Ghaddar and Olesya Astakhova LONDON/MOSCOW, Jan 26 (Reuters) - OPEC+ is expected to keep its pause on oil output ...

OPEC on Wednesday said world oil demand would rise at a similar pace in 2027 as this year and published data indicating a near balance between supply and demand in 2026, contrasting with other ...

The World’s September oil production increased by 737 kb/d to 86,033 kb/d, a new World Peak Oil All Time High. Read more here.

Equatorial Guinea, OPEC's smallest producer, is seeking $300 million in prepaid deals from commodity traders for future crude ...

VIENNA -- The Organization of the Petroleum Exporting Countries (OPEC) said on Wednesday that the global oil demand for 2027 is estimated to be 107.86 million barrels per day (bpd), higher than the ...

Created 50 years ago in the wake of the 1972 OPEC oil embargo, the Strategic Petroleum Reserve exists today in a very ...

[Stay on top of transportation news: Get TTNews in your inbox.] OPEC+ nations are trying to reach consensus on how to adjust their oil production next month, with either a modest or more substantial ...

The U.S. Energy Information Administration quietly rewrote a key assumption about the global oil market this week: OPEC can produce more oil than previously thought. In its December Short-Term Energy ...

OPEC’s share of India’s crude oil imports climbed to an 11-month high in December as U.S. sanctions curbed Russian shipments, ...