The group of oil-rich countries raised its forecast for next year’s demand growth driven in part by the need to replenish oil ...

Oct 13 - OPEC on Tuesday raised its forecast for world oil demand growth in 2027, citing the need for the world to rebuild ...

Nigeria’s total daily average production of crude oil and condensate rose to 1,717,030 barrels per day (bpd) in September 2026, marking a 2.34 per cent increase from August levels, as the country ...

Sanaz Sohrabi’s feature-length documentary “An Incomplete Calendar” uses archival materials to reframe the oil cartel as an ...

Saudi Arabia reported to OPEC that its crude production jumped by a third last month, recovering from the lowest in more than ...

OPEC just put a very large number on next year’s oil market: global demand growth of 2.6 million barrels per day in 2027, after growth of just 200,000 bpd this year.

U.S. and international crude oil futures skidded to their lowest levels in more than a year after the influential oil ...

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The organization now expects it to reach 400,000 barrels per day, compared to 1.4 million barrels per day at the beginning of the year.

The cumulative cut since April is about one million bpd, from nearly 1.4 million bpd. That is a fall of more than 70 per cent ...

Ministers of OPEC and non-OPEC Participating Countries in the Declaration ​of Cooperation said shipping and ‌insurance costs have surged to unprecedented levels of over one third of the ​commodity ...

The Organisation of the Petroleum Exporting Countries (OPEC) has lowered its forecast for global oil demand growth in 2026 to ...