When OPEC+ ministers meet this weekend, they confront the unpalatable choice: continue to curb oil-supplies well into 2025, ...

Crude production from Iraq, Kazakhstan, and Russia has declined in compliance with OPEC+ production cuts, supporting a modest ...

OPEC is unlikely to unwind voluntary production cuts in the short term, executives of global commodity trading giants Vitol, ...

OPEC+ has little scope to reverse its oil production cuts, which have triggered a wave of rival supply from the US shale ...

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 members, led by Saudi Arabia, have twice delayed the resumption of production that was halted since 2022. They plan to implement modest monthly production increases starting early next year ...

1 "Original members" (Article II, Section 1), which signed the Articles of Agreement by December 31, 1945. Costa Rica, Poland, Brazil, Uruguay, and Cuba signed the Articles by that date but their ...

Libya is planning its first tender for energy exploration contracts since 2011’s civil war, as the OPEC member looks to bring back oil majors spooked by years of instability and production ...

Oil prices have edged higher on the news that few of the Opec members have decided to delay its 180,000- barrels per day (bpd) crude production increase by a month, the second straight month it ...

“I don't think that OPEC originally was founded to have members like that, right? So it's not fair. It's not how cartels usually work.” Russia has not directly addressed accusations that it ...

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 ...