Compensations by OPEC+ ‘debtors’ in January were expected at 120,000 bpd of oil from Iraq and 65,000 bpd from Kazakhstan, according to the latest released schedule ...

China, India, other Asian countries, as well as Latin American and Middle Eastern states, are expected to be the main drivers of oil demand growth ...

World oil output without the US increased by 692 kb/d to 68,304 kb/d. November’s production is expected to increase by 238 kb ...

Russia has claimed 100% compliance with its oil production quota under the OPEC+ agreement in January and February.

India Energy Week 2025, a major oil and gas event, will feature top CEOs and Ministers discussing energy challenges.

Caracas: Venezuela on Friday slammed the US seizure of one of its government planes as brazen theft and branded President ...

While the GECF isn't a full cartel yet, growing cooperation among members suggests a future alliance is possible. This potential cartel's direction will depend on policy alignment among GECF members ...

Angola's average daily oil production hit 1.134 million barrels in the first three quarters of 2024, good for a 4% increase ...

The OPEC Reference Basket of Crudes is made up of the following ... Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia) ...

Israeli Prime Minister Benjamin Netanyahu confirmed on Sunday that civilian Arbel Yehud, soldier Agam Berger and another hostage will be released by Hamas. He also said in a post on X that Israel will ...

WASHINGTON - Experts say U.S. President Donald Trump’s push for the OPEC+ alliance of oil exporting countries to bring down the cost of oil conflicts with the Republican leader’s own plans to ...

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 ...