The cartel projects demand will rise by 1.34 million barrels a day next year, slightly below its estimate for 2026.

By Steve Holland and Jarrett Renshaw WASHINGTON, Jan 14 (Reuters) - President Donald Trump said on Wednesday that he believes ...

OPEC+ kept oil output unchanged on Sunday after a quick meeting that avoided discussion of the political crises affecting several of the producer group’s members. Sunday’s meeting of eight members of ...

OPEC is pursuing a long-term strategy to increase its market share and is unwinding production cuts, with oil prices remaining strong due to factors beyond OPEC's direct control. The rise in oil ...

OPEC+ will likely approve another oil production increase of at least 137,000 barrels per day at its meeting next Sunday, as rising oil prices encourage the group to try to further regain market share ...

NEW YORK – A group of countries that are part of the OPEC+ alliance of oil-exporting countries has agreed to boost oil production, a move some believe could lower oil and gasoline prices, citing a ...

LONDON (Reuters) -The world oil market will see a small surplus in 2026 after OPEC+ production increases and higher supply from other producers, an OPEC report showed on Wednesday, a further shift ...

The focus of this post is an overview of World oil production along with a more detailed review of the top 11 Non-OPEC oil-producing countries. The World’s April oil production decreased by 422 kb/d ...

OPEC’s crude oil production rose by 180,000 barrels per day (bpd) to 27 million bpd in May, with producers part of the OPEC+ agreement raising output by much less than the 411,000 bpd headline hike ...

・Oil production in October slipped by 73,000 bpd to 43.02 million barrels per day. ・OPEC reaffirmed its forecast of global oil demand growth of 1.3 million barrels per day this year. ・OPEC trimmed ...

OPEC on Wednesday said world oil demand would rise at a similar pace in 2027 as this year and published data indicating a ...

OPEC continued to project a substantial supply deficit in global oil markets this year and next even as the group revives production, a view that clashes with the wider industry. The Organization of ...