OPEC oil production declined in January, primarily due to lower output from Iran and Nigeria, despite the JMMC reaffirming ...

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

OPEC expected growth in 2025 is unchanged from last month’s report and the 2026 estimate for World liquids growth is the same ...

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

In 2023, Angola officially announced that it was leaving OPEC amid a disagreement over oil production quotas, ending its 16-year stint in the cartel. Angola, Africa’s second-largest crude ...

The US oil market seems to be easing. The signs since our last report, tend to point to that direction, as on Friday we saw the Baker Hughes oil rig count showed a reduction of active US oil rigs, ...

The Organization of the Petroleum Exporting Countries (OPEC) saw a decrease in oil output for the second consecutive month in January, according to a recent Reuters survey. A decline in exports from ...

Crude oil futures posted their first weekly loss in five weeks, finally falling back after a New Year ... production - which is already running at record levels - tried to cajole Saudi Arabia and ...

The Organisation of the Petroleum Exporting Countries’ crude production dipped for a second consecutive month in January as a drop in exports from Nigeria and Iran affected crude outputs.According to ...

Pete Rathburn is a copy editor and fact-checker with expertise in economics and personal finance and over twenty years of ... Countries (OPEC) policies Changes in oil production and inventory ...

Oil prices slump as rising U.S. stockpiles, weak China demand, and Trump’s tariff threats fuel bearish sentiment. Will OPEC+ ...

Nigeria’s daily average oil production ... OPEC. The December 2024 average daily oil output also means that Nigeria failed to meet the 1.7 mbpd benchmark set for the 2024 budget all through the ...