“One way to stop it quickly is for OPEC to stop making so much money,” Trump told reporters. “So, OPEC ought to get on the ball and drop the price of oil. And that war will stop right away.

The International Monetary Fund downgraded its growth forecasts for Saudi Arabia by more than any other major economy it tracks, citing the decision by the oil alliance OPEC+ to extend production ...

Mubasher: The International Energy Agency (IEA) and OPEC have released their January oil market reports, outlining their views on oil demand for 2025, according to a detailed Emirates NBD Research ...

Lewis Hamilton is visiting the headquarters of his new team, Ferrari, this week in his first official engagement since joining at the start of the year. The seven-time world champion is expected ...

The new, multi-storey HQ is more reflective of what political parties are now seen to resemble – structures run increasingly like corporates, with media access restricted. The building that has been ...

NEW DELHI, Jan 17 (Reuters) - OPEC's share in India's crude oil imports edged up in 2024, rising for the first time in nine years, while top supplier Russia's share remained steady, data obtained ...

OPEC's share of India's crude oil imports rose to 51.5% in 2024, ending a nine-year decline. Russia remains India's top oil supplier, but imports dipped to a 17-month low in December. Middle ...

New Delhi: India’s oil product demand rose by 419,000 barrels per day (tb/d) in November 2024, marking a 7.9% year-on-year increase, as diesel, gasoline, and LPG consumption drove growth, according to ...

The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria’s average daily crude oil production dropped marginally to 1.485 million barrels per day (bpd) in December 2024. In its ...

Yesterday both the IEA and OPEC released their monthly oil market report, ING’s commodity analyst Warren Patterson and Ewa Manthey note. “The IEA warned of potential supply disruptions ...

The alliance of OPEC and a dozen non-OPEC producers led by Russia will closely watch several major factors for global oil markets this year. These include whether China’s oil demand will rebound ...