OPEC on Wednesday stuck to its forecast for relatively strong growth in global oil demand in 2025, saying air and road travel ...

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 ...

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.

Crude oil production by the 22-member group remained steady in January at 40.63 million barrels per day. Output by the 18 members with quotas grew by 110,000 b/d, putting them 66,000 b/d over their ...

This means the government produced 1.42m barrels from 1.484m barrels in December. OPEC oil production dipped in December – Report OPEC appoints Nigeria's Adeyemi-Bero board of governors ...

OPEC’s biggest rise, of 90,000 bpd, came from the UAE, the survey found. A source said partial field maintenance continued in January, having started in December.

If demand rises with greater strength than expected in 2025, the oil price rally could be even more significant.

Rigzone has contacted OPEC, the American Petroleum Institute (API), the International Association of Oil & Gas Producers (IOGP), the Trump transition team, the White House, and the U.S. Department ...

DUBAI: Iran's President Masoud Pezeshkian urged OPEC members to unite against possible U.S. sanctions on the major oil producer, after U.S. President Donald Trump said he would seek to drive Tehran's ...

This marks the second consecutive month of decline in oil output. Oil exporting countries under the OPEC recorded 26.53 million barrels per day in January 2025, 50,000 bpd less than the figures ...

Instead, local markets have a surplus of the cooking ingredient and the commission stated that the ongoing edible oil crisis is artificial. For all latest news, follow The Daily Star's Google News ...