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

What's more important for crude oil markets? Forecasts of Chinese oil demand growth by leading agencies or the reality of ...

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

The cartel still expects demand to grow by 1.45 million barrels a day this year and 1.43 million barrels a day the next, ...

OPEC said on Wednesday that Kazakhstan led a sizeable jump in February crude output by the wider OPEC+, highlighting a ...

The Organization of the Petroleum Exporting Countries (OPEC) on Wednesday affirmed its growth outlook for oil demand and ...

Belarus and Russia are coordinating potash production cuts and may form a new cartel, which could drive potash prices higher.

WTI crude oil futures extended their recent decline toward $66 per barrel, pressured by prospects of increased Russian supply. The price of the OPEC basket of twelve crudes stood at $72,98 a barrel, ...

Kazakhstan's Minister of Energy will resign from his position, as announced by the country's presidential office on Tuesday.

The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria’s average daily crude oil production declined to 1.65 ...