OPEC+ is expected to maintain its current oil production policy for March. Sources indicate no changes are likely when the group meets on Sunday. Brent crude prices have surged to their highest point ...

OPEC on Wednesday said world oil demand would rise at a similar pace in 2027 as this year and published data indicating a near balance between supply and demand in 2026, contrasting with other ...

The World’s September oil production increased by 737 kb/d to 86,033 kb/d, a new World Peak Oil All Time High. Read more here.

MOSCOW, Jan 14 (Reuters) - Russian oil production dipped around 0.7% last year to 9.129 million barrels per day, OPEC monthly data showed on Wednesday. Russia has managed to keep broadly steady its ...

OPEC projects road transport to add 4.6 mbpd and petrochemicals to emerge as a key growth pillar as India becomes the world’s biggest source of incremental oil demand.

VIENNA -- The Organization of the Petroleum Exporting Countries (OPEC) said on Wednesday that the global oil demand for 2027 is estimated to be 107.86 million barrels per day (bpd), higher than the ...

OPEC+ kept oil output unchanged on Sunday after a quick meeting that avoided discussion of the political crises affecting several of the producer group’s members. Sunday’s meeting of eight members of ...

Created 50 years ago in the wake of the 1972 OPEC oil embargo, the Strategic Petroleum Reserve exists today in a very ...

The U.S. Energy Information Administration quietly rewrote a key assumption about the global oil market this week: OPEC can produce more oil than previously thought. In its December Short-Term Energy ...

OPEC’s share of India’s crude oil imports climbed to an 11-month high in December as U.S. sanctions curbed Russian shipments, ...