This move aims to compensate for pumping above agreed levels, with monthly reductions ranging from 189,000bpd to 435,000bpd.

Output for December 2024 was revised lower by 110 kb/d and January 2025 output was revised higher by 28 kb/d compared to last ...

OPEC+ has announced a new schedule for seven member countries to implement additional oil output reductions to compensate for pumping above agreed levels.

Compensations until July 2026 will total 4.203 mln barrels per day. Plans were presented by seven out of eight OPEC+ countries that followed voluntary adjustments, specifically Iraq, Kuwait, Saudi ...

According to the chief executive of Vitol, Russell Hardy, the current developments in supply and demand could push oil prices ...

Iraq’s Development Road aims to reduce dependence on oil by turning the country into a key trade corridor between Asia and Europe.

Nine MLAs from all three parties at Province House have a month to create a commission to redraw Nova Scotia's electoral map in a way that ... longer than any sitting member.

President Trump suggested Thursday that members of the U.S.-led NATO transatlantic ... politicians in France and the U.K. — the only two countries that have thus far said they might send troops ...

OPEC members rely on oil revenues for their government ... conflicts and natural disasters from more than 30 countries in Africa, the Middle East and Europe.

Oil prices have tumbled this week, after the Organization of Petroleum Exporting Countries ... to non-OPEC production that continues to increase, including from Canada. Some OPEC+ members have ...

At the same time, several members of OPEC Plus, including the United Arab ... The oil-producing countries have ensnared themselves in a complex series of agreements, which analysts say the markets ...

The Canadian Association of Petroleum Producers and its member companies “are deeply disappointed in the U.S. administration’s decision to impose across-the-board tariffs on Canadian goods,” Lisa ...