Russia’s oil production totaled 9.01 mbd in November 2024, and 9.004 mbd in December, according to OPEC. Output averaged 9.250 mbd in Q2 2024, 9.058 mbd in Q3, and 9.015 mbd in Q4.

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 ...

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 ...

Russia has claimed 100% compliance with its oil production quota under the OPEC+ agreement in January and February.

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 ...

International Petroleum Corporation Announces 2024 Year-End Financial and Operational Results and 2025 Budget, Reserves and ...

THE evolving focus of oil producers on India, its strengthening ties with non-OPEC producers, the future of refining and the ...

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

Invezz spoke to Ole Hansen, head of commodity strategy at Saxo Bank to understand the current trends in the commodity market.

Stamatis Tsantanis says demand for crude is declining and Iranian supplies can easily be made up for from elsewhere ...

Clay Neff, Chevron's head of international exploration and production, told Reuters last month that the Tengiz expansion was ...