OPEC 12 output decreased by 135 kb/d with the largest increases from Iraq (38 kb/d), UAE (14 kb/d), and Saudi Arabia (13 kb/d). Read more here.

Oil prices in 2025 were expected to remain in the seventies range but fell below expectations. OPEC's decision to unwind ...

By Alex Lawler LONDON, Feb 11 (Reuters) - OPEC on Wednesday forecast world oil demand from the OPEC+ group will drop by ...

Crude oil production from the OPEC+ alliance dropped significantly in January due to a major supply disruption in Kazakhstan and lower output from Iran and Venezuela.

By Alex Lawler LONDON, Feb. 9 (Reuters) - OPEC's oil output fell in January due to lower supply from Nigeria and Libya, a ...

Oil demand is projected to rise by 1.34 million barrels a day next year supported by easing inflation, fiscal measures and ...

Forbes contributors publish independent expert analyses and insights. Robert Rapier is a chemical engineer covering the energy sector. ST. PETERSBURG, RUSSIA - JUNE 6: Secretary General of the ...

OPEC+ faces a major oil oversupply in 2025, challenging production increases. The coalition has tried to boost oil prices by holding back output. Instead, members are ceding control to non-OPEC ...

Oil prices were little changed on Friday after falling in the previous session, on receding concerns of an Iranian conflict.

OPEC maintained its forecasts for global oil demand growth for both the current and following years in its monthly report ...

OPEC+ is leaning towards resuming its monthly oil production increases from April, Reuters reported, after having paused increases for Q1.