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 ...

OPEC+ left early-2025 production targets unchanged but approved a major new mechanism to reassess each member’s maximum sustainable production capacity. This new mechanism will be used to determine ...

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 ...

Russia's President Vladimir Putin shakes hands with OPEC Secretary General Haitham Al Ghais during the Saint Petersburg International Economic Forum (SPIEF) in Saint Petersburg on June 20, 2025. The ...

Oil producers’ group OPEC+ maintained its plan to keep crude output levels unchanged until March 2026 at its latest meeting on Sunday, as market fears over a potential supply glut continue to persist.

Brent crude has drifted into the low-$60s, a price corridor OPEC+ has spent the better part of two years trying to defend through disciplined supply management. Yet the market’s center of gravity is ...

HOUSTON, Dec 1 (Reuters) - Oil prices rose more than 1% on Monday following drone attacks by Ukraine, the closure of Venezuelan airspace by the United States, and OPEC's decision to leave output ...

OPEC+ is expected to maintain its pause on production cut rollbacks at this weekend’s meeting. Analysts warn it won’t be enough to prevent a growing global oil glut. Market oversupply fears are rising ...

LONDON/MOSCOW, Nov 30 (Reuters) - OPEC+ agreed to leave oil output levels unchanged for the first quarter of 2026 at its meetings on Sunday as the group slows down its push to regain market share amid ...

Opec and its allies are expected to keep production flat at their meeting this weekend as oil exports globally surge. After increasing output each month from April, the bloc is tipped to hold levels ...

Javier Blas is a Bloomberg Opinion columnist covering energy and commodities. He is coauthor of “The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources.” On the eve of a ...