U.S. President Donald Trump will restore his "maximum pressure" campaign on Iran and drive its oil exports to zero, a U.S.

The Organisation of Petroleum Exporting Countries (Opec) was founded in Baghdad, Iraq, on September 14, 1960. Its founding member countries are ...

Local protesters blocked crude oil loadings at two key Libyan ports, jeopardizing daily exports of 450,000 barrels. Demanding ...

U.S. President Donald Trump has raised the stakes for a meeting of an OPEC+ ministerial panel next month, with his call for the group to lower oil prices.

He also called on Saudi Arabia and OPEC to lower oil prices, adding that “when the oil comes down, it’ll bring down prices” and in turn bring interest rates down. That fuelled worries among some ...

NEW DELHI (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 from ...

NEW DELHI (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 from trade ...

New Delhi: India’s oil product demand rose by 419,000 barrels per day (tb/d) in November 2024, marking a 7.9% year-on-year increase, as diesel, gasoline, and LPG consumption drove growth, according to ...

The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria’s average daily crude oil production dropped marginally to 1.485 million barrels per day (bpd) in December 2024. In its ...

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 ...

This is notably lower than OPEC's more optimistic projection of 1.4 million b/d growth for 2025. "While it is too early to fully quantify the potential impact from these new measures, some operators ...

and projections by Energy Information Administration OPEC headquarters in Vienna, Austria. – (Photo by JOE KLAMAR / AFP) Oil prices climbed above $81 per barrel yesterday, following the release ...