THE Organisation of Petroleum Exporting Countries, OPEC, yesterday, said Nigeria’s oil output, excluding condensate, was 1.434 million barrels per day, bpd, in October 2024. 1000){r=r.substring ...

OPEC cooperation, and many other issues. For now, with the future likely to be more friendly to the oil sector, oil markets have struggled, with WTI crude oil falling back below $70/bbl in early ...

The code has been copied to your clipboard. Russia is “flagrantly violating” its agreements with the OPEC oil cartel by concealing the true amount of oil it is producing and selling ...

Oil futures posted strong gains Monday after OPEC and its allies delayed plans to start unwinding production cuts by another month to the end of this year, a move analysts say will keep nearly 6M ...

The OPEC bloc of oil-producing nations announced Monday that it will extend oil production cuts through the end of 2024, spurring a 2 percent increase in the price of U.S. benchmark West Texas ...

Saudi Arabia and allied oil producing countries on Sunday said they would postpone a plan to gradually increase oil output until the end of the year. The eight members of OPEC+ were due to begin ...

Last month, OPEC reduced its outlook for oil demand for 2024 and 2025, citing data received so far this year. "This delayed supply increase means that maybe the group are more willing to support ...

ABU DHABI, Nov 4 (Reuters) - The Organization of Petroleum Exporting Countries (OPEC) is very positive on demand for oil in both the short and long term, Secretary General Haitham Al Ghais said at ...

No reason was given for the move, which comes ahead of the U.S. presidential election on Tuesday. In June, OPEC said 2.2 million barrels a day in voluntary cuts were extended until September but would ...

Oil futures finished sharply higher Monday after members of OPEC+ — made up of the Organization of the Petroleum Exporting Countries and its allies — said they would wait yet another month ...