Notably, Saudi Arabia’s oil production dwarfs that of its fellow members. In 2022, the country produced 10.4 million barrels each day, accounting for almost a third of OPEC’s total daily ...

Oil prices havestabilised at pre-Middle East conflict levels following the start of the ceasefire. Expanding the oil supply ...

The 10 members of OPEC bound by the group's output agreements produced an average 26.64 million barrels per day (b/d) in May. This is an increase of 70,000 b/d from April's 26.57 million b/d and ...

Oil edged down after its biggest weekly loss in two years as traders speculated on the volume of an expected OPEC+ supply ...

Monday closed down -0.41 (-0.63%), and August RBOB gasoline (RBQ25) closed up +0.27 (+0.13%). Crude oil and gasoline prices ...

As delegates at the 2023 COP28 UN climate change summit work to identify global climate actions by the Dec. 12 deadline, the head of the OPEC oil cartel urged the group’s members to block any ...

Bearish oil outlook ahead as OPEC+ output jumps, demand growth slows, and geopolitical premiums fade, keeping crude oil ...

Output for March 2025 was revised higher by 2 kb/d and April 2025 output was revised higher by 128 kb/d compared to last ...

As delegates at the 2023 COP28 UN climate change summit work to identify global climate actions by the Dec. 12 deadline, the head of the OPEC oil cartel urged the group’s members to block any ...

In addition, on the second day of the seminar, July 10, a dedicated session will be held to present OPEC’s long-term oil market forecast – the World Oil Outlook (WOO), an annual report traditionally ...

There's no peak in global oil demand on the horizon and it will take trillions in investment in the coming decades to meet that need, the secretary-general of the Organization of Petroleum Exporting ...

Analysts at Morgan Stanley in a report for clients released earlier Monday tried to match up production from certain OPEC+ members with the unwinding of 2.2 million b/d of cuts. The aggregate ...