Crude oil futures closed Friday at their lowest settlement price this year, with both WTI and Brent benchmarks tumbling more than $2/bbl, fueled by near-term supply concerns and expectations that ...
OPEC on Wednesday stuck to its forecast for relatively strong growth in global oil demand in 2025, saying air and road travel ...
Brazil’s government on Tuesday approved joining OPEC+, a group of major oil-exporting nations, signaling the country’s ...
At Davos, Trump challenged OPEC to lower oil prices by increasing production, warning that high prices could harm economic growth. His remarks raised questions about OPEC’s ability to sustain ...
It said that exports will resume in accordance with federal budget regulations and Iraq's OPEC production quota, according to ...
With growing competition from non-OPEC producers, the group may need to reassess its production strategy to avoid further ...
OPEC has rejected U.S. calls for increased oil production, stating that the cartel's decisions are based on market ...
The Organisation of the Petroleum Exporting Countries has sent a new challenge for Nigeria government to achieve crude oil production of 4 million barrels per day.
Decisions from oil producer group OPEC+ take a long-term view of the global markets and are aimed at providing market ...
Tough US sanctions on Russian oil are allowing the biggest Middle Eastern producers to raise prices for their main market by ...
The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria’s average daily crude oil production increased ...
The group includes the 12 members of OPEC, the longstanding group set up to coordinate oil production to stabilize markets, plus 10 more significant oil-producing nations with Russia by far the ...