The world oil market may be tighter than it appears despite a supply and demand balance pointing to a surplus, the ...

Supply is set to rise three times faster than demand this year, the International Energy Agency said, though seasonal factors ...

VIENNA: Haitham Al Ghais, Secretary-General of the Organisation of the Petroleum Exporting Countries (OPEC), has affirmed ...

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $65.75 during the early Asian trading hours on ...

The African Energy Chamber (AEC) – the voice of the African energy sector – is urging OPEC member states and their allies to take decisive action to reverse global bans on fossil fuel financing and ...

The African Energy Chamber (AEC) ( – the voice of the African energy sector – is urging OPEC member states and their allies ...

VIENNA, July 10. /TASS/. OPEC+ nations are projected to increase their oil supply by 15 mln barrels per day (bpd) by 2050 compared to 2024 levels, reaching 64.1 mln bpd, while expanding their share of ...

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 ...

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