OPEC stated in a latest monthly update that in October, India's crude oil demand was broadly flat y-o-y, following a 350 thousand barrels per day or tb/d increase in the previous month. Y-o-y declines ...

President Maduro’s appeal to oil-rich nations Sunday laid bare just how isolated he has become, a Latin American oil expert says, before describing Venezuela as "broke" and drowning in $150 billion of ...

Oil producers in the OPEC+ group this weekend confirmed they will hold output levels flat in the first quarter of next year. This comes after the group spent most of this year increasing oil ...

OPEC Secretary-General Haitham al Ghais criticized media coverage suggesting the group projected a 2026 oil surplus, insisting its forecast shows a balanced market. OPEC expects non-member supply to ...

Oil dropped by the most since June as a key market gauge flashed weakness and OPEC said global crude supplies surpassed demand sooner than anticipated. West Texas Intermediate fell by 4.2% to settle ...

LONDON (Reuters) -The world oil market will see a small surplus in 2026 after OPEC+ production increases and higher supply from other producers, an OPEC report showed on Wednesday, a further shift ...

The International Atomic Energy Agency (IAEA) and the OPEC Fund for International Development (OPEC Fund) have strengthened their partnership through a new Memorandum of Understanding (MoU) signed ...

LONDON, Oct 13 (Reuters) - World oil supply is expected to closely match demand next year as the wider OPEC+ group increases production, an OPEC report showed on Monday, marking a change from last ...

The Organization of the Petroleum Exporting Countries left its oil-demand forecasts steady as it works to revive more production, but pointed to fiscal concerns and persistent trade uncertainties. The ...

OPEC kept its outlook for the oil market unchanged as the group and its allies continue to add barrels to the global market. Global oil demand will grow by 1.3 million barrels a day this year and by 1 ...

The Organization of the Petroleum Exporting Countries and its allies agreed on a restrained oil output increase on par with earlier moves, a bet that the group can eke out more revenue without causing ...

OPEC’s crude production climbed last month as Saudi Arabia finished the revival of an initial tranche of halted supplies, according to a Bloomberg survey. The Organization of the Petroleum Exporting ...