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 ...

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

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

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

Oil prices rose on Friday, following US President Donald Trump's announcement of an upcoming statement concerning Russia, ...

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