WTI crude oil (CLQ25) today is up +0.48 (+0.73%), and August RBOB gasoline (RBQ25) is down -0.63 (-0.30%). Crude oil and ...

Washington’s oil market hubris risks repeating the mistakes of the past — and threatens national security as well. Fifty years ago, the United States learned a painful lesson about the cost of oil ...

OPEC’s crude oil production in May increased less than called for in the OPEC+ agreement which had a large output hike planned for last month. All 12 OPEC members produced 26.75 million barrels ...

OPEC secretary-general takes aim at net-zero targets calling them ‘detached from reality’ By Lauren Krugel The Canadian Press Posted June 10, 2025 3:42 pm Updated June 10, 2025 7:20 pm ...

In total, OPEC pumped 26.75 million bpd last month, up 150,000 bpd from April’s level. The largest increase came from Saudi Arabia, which boosted output by 130,000 bpd.

OPEC oil output rose in May, a Reuters survey found, although the increase was limited as Iraq pumped below target to compensate for earlier overproduction and Saudi Arabia and the United Arab ...

OPEC Secretary General Haitham Al Ghais said on Tuesday that oil demand growth will remain robust over the next two and a half decades as the world population grows, per Reuters.

“In a possible sign that the unwinding of OPEC+ production cuts could increase seaborne volumes, the combined crude tanker loadings of OPEC countries has jumped 24% week-on-week to 2.281 million ...

“OPEC’s forecasts are not based on ideology. They are based on data and analysis of data, and they clearly indicate that oil will remain an integral part of the energy mix at around 30% still in 2050, ...

OPEC head lashes out at net-zero targets, tells Calgary audience oil demand will keep growing Criticizes IEA prediction of peak demand by 2030 in keynote speech at the Global Energy Show Canada By ...

“The average crude oil production was 97% of OPEC quota of (1.5mbopd).” The document showed a decline from the 1.48mbopd and 141,546 bopd respectively produced in the preceding month (April).