Crude traders had widely expected that OPEC+ would once again delay the restart, which it had postponed three times since first announcing a supply road map last June. Oil prices are too low for the ...

Negative tipping points for the Earth’s climate system are approaching fast, adding further urgency to climate action. But ...

which it had postponed three times since first announcing a supply road map last June. Oil prices are too low for the Saudis and many other members to cover government spending, and global markets ...

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 ...

The decision ... formally paves the way for the participation of Brazil as a Member of the Charter of Cooperation between oil producing countries', OPEC highlighted. Image by gladder via iStock In ...

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

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

The Saudi-led cartel said its members ... after the OPEC oil cartel and its allies affirmed plans to gradually increase crude production beginning in April. Opening the taps in countries such ...

While it is true that Saudi Arabia has the largest spare oil production capacity globally and the largest producer among OPEC members, claiming that Saudi Arabia should maximize its production at ...

noting that half of OPEC’s member countries are from the continent, including Nigeria, the most populous African nation, and Algeria, the largest in geographical size. Other African OPEC members ...

The latest statement posted on OPEC’s site noted that “the eight countries reiterated their collective commitment to full conformity with the additional voluntary production adjustments as ...