A confirmed breakout above this level could expose the 61.8% Fibonacci retracement at $69.98. Structurally, WTI is forming a ...

The International Energy Agency has hiked its forecasts for global oil supply this year and next, while noting that 2025 ...

Russia intends in August and September to fully compensate for previously producing oil in excess of its OPEC+ quota, in line ...

By bnm Tehran bureau Iran topped global crude oil production growth in 2024, increasing output by 374,000 barrels per day (bpd) to achieve a 13% rise, according to OPEC's latest statistical bulletin.

The focus of this post is an overview of World oil production along with a more detailed review of the top 11 Non-OPEC ...

Saudi Arabia raised crude output far above its OPEC+ quota last month, joining other producers in a rush to export oil out of ...

The world oil market may be tighter than it appears despite a supply and demand balance pointing to a surplus, the ...

Supply is set to rise three times faster than demand this year, the International Energy Agency said, though seasonal factors ...

VIENNA: Haitham Al Ghais, Secretary-General of the Organisation of the Petroleum Exporting Countries (OPEC), has affirmed ...