The Organization of the Petroleum Exporting Countries (OPEC) said on Wednesday that the demand for OPEC+ oil in 2025 would ...

Compensations by OPEC+ ‘debtors’ in January were expected at 120,000 bpd of oil from Iraq and 65,000 bpd from Kazakhstan, according to the latest released schedule ...

China, India, other Asian countries, as well as Latin American and Middle Eastern states, are expected to be the main drivers of oil demand growth ...

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 ...

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

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 ...

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 ...

Haitham Al Ghais, Secretary-General of OPEC, said that investment needs in the oil sector will remain substantial to reliably ...

The former US President Joe Biden administration’s focus on alternative energy and reducing reliance on fossil fuels over its ...

KUWAIT: Oil prices fell in 2024, weighed down by concerns over the robustness of global oil demand growth amid weak economic activity in China especially and burgeoning non-OPEC+ supply led by output ...

The government significantly subsidizes fuel as part of its broader social welfare initiatives, ensuring artificially low ...