America will be a manufacturing nation once again, and we have something that no other manufacturing nation will ever have, ...

Tough US sanctions on Russian oil are allowing the biggest Middle Eastern producers to raise prices for their main market by ...

If demand rises with greater strength than expected in 2025, the oil price rally could be even more significant.

Arising from its 58th Meeting of the Joint Ministerial Monitoring Committee No 1/2025 via videoconference yesterday, the Organization of Petroleum Exporting Countries (OPEC) promised to monitor ...

Iran's oil minister said imposing unilateral sanctions on crude producers would destabilise energy markets, the ministry's ...

OPEC oil output fell in January for a second month, a Reuters survey found, as a drop in exports from Nigeria and Iran offset ...

in which it ranked Russia among high-income countries, and on a per-capita basis, at that, for the first time since 2015. Yet there are bigger problems with Trump’s idea of having OPEC open up ...

The Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC countries have reaffirmed commitments to monitor production adjustment aimed at maintaining stability in the global oil market.

“The meeting also welcomed renewed pledges by the overproducing countries to achieve full conformity and to resubmit their updated compensation schedules to the OPEC Secretariat for the ...

YENAGOA – The Organisation of Oil Exporting Countries (OPEC) has commended Nigeria and other member-countries over their conformity with the crude oil production quota for November and December 2024.

Nigeria has set a target of boosting daily production to 2.7 million barrels of crude and condensate by 2027.This was disclosed by President Bola Tinubu’s Special Adviser on Energy, Olu Verheijen, ...

Since returning to office in January, Trump has already called on the Organization of the Petroleum Exporting Countries to bring down prices ... Alexander Novak said the group of ministers from OPEC ...