The United Arab Emirates could further boost its oil production capacity after 2027 if that is what markets require, its ...

ODESSA, Texas (KMID/KPEJ) – 8 members of OPEC+ (Organization of the Petroleum Exporting Countries) say the organization will boost oil production in August 2025, by 548,000 barrels per day. These ...

Demand will continue to grow in developing economies, according to the oil cartel. Many groups, including the International ...

OPEC’s latest forecast dismisses the idea of imminent peak oil demand, projecting rising consumption through 2050 despite ...

OPEC cut its global oil demand forecasts for the next four years on Thursday as Chinese growth slows, even as it lifted its ...

World Oil Outlook forecasts sustained oil demand growth through 2050, requiring nearly 19.5 million bpd of new refining ...

According to OPEC’s forecast, US oil production is projected to reach 23.1 mln bpd by 2030, compared with 21.8 mln bpd in 2024. Shale oil and tight oil output are expected to increase to 16.5 mln bpd ...