US President Trump has vowed to ask OPEC to ramp up production. Lower oil prices will not only impact OPEC, it will also affect US oil producers. OPEC has a very different agenda than Trump and is ...

OPEC oil production declined in January, primarily due to lower output from Iran and Nigeria. Iranian oil production has been impacted by US sanctions. The JMMC reaffirmed the current OPEC+ ...

LONDON, Jan 15 (Reuters) - OPEC forecast on Wednesday world oil demand in 2026 will rise at a similar rate to this year, while reducing its figure for 2024 for a sixth time, following economic ...

NEW DELHI, Jan 17 (Reuters) - OPEC's share in India's crude oil imports edged up in 2024, rising for the first time in nine years, while top supplier Russia's share remained steady, data obtained ...

A report by OPEC on Wednesday stated that the emergence of Dangote refinery has reduced the importation of petroleum products from Europe to Nigeria. “The ongoing operational ramp-up efforts at ...

OPEC projects a higher demand growth of 1.45 million barrels daily. Disappointing data from major Asian markets, including China, India, and African countries, prompted OPEC to revise its oil ...

The OPEC Fund for International Development (the OPEC Fund) is co-financing Africa’s largest onshore wind power project, contributing US$30 million to the construction of two 550 MW wind farms with a ...

Oil prices muted as strong dollar weighs; OPEC+ meeting awaited By Investing.com - Dec 03, 2024 Investing.com-- Oil prices rose on Tuesday amid pressure from a strong dollar as traders awaited ...

The Organization of the Petroleum Exporting Countries stuck to its oil demand forecast for this year after a series of cuts and projected broadly stable growth into 2026. The Vienna-based cartel ...

The data from OPEC MOMR for December 2024 showed that the country’s production, including condensates, rose by 11 percent, from 1.333 million barrels in October to 1.486 million in November 2024.

Yesterday both the IEA and OPEC released their monthly oil market report, ING’s commodity analyst Warren Patterson and Ewa Manthey note. “The IEA warned of potential supply disruptions ...

Global oil markets will face a widening glut in 2026 as OPEC brings back production and output from the US, Canada and Guyana continues to grow, the US government said in its first set of ...