Opec-plus’ crude average production averaged 40.81 million b/d, a decline of 1.18 million b/d compared with 2023.

Iran, Kuwait and Libya called on fellow OPEC members on December 18th to reduce production at the group’s next formal gathering in order to correct the current supply imbalance. Iran’s OPEC ...

OPEC has a history of under-estimating U.S. output ... with possibly less stringent environmental policies," a delegate from a U.S. ally OPEC+ member said. "But we may see higher production ...

More U.S. oil supply could further erode OPEC+’s market share and weigh down on oil prices, which the OPEC cartel and its allies are desperately trying to support with production cuts.

NEW YORK — December 16, 2024 — Forbes Media, in partnership with SpainMedia, today open the doors to Forbes House Madrid, a first-of-its-kind, exclusive private members-only club tailored to ...

The 2024 list of the 'Top 50 Most Searched Male Idol Group Members on Korean YouTube' was out on December 9, 2024, and BTS’ Jungkook once again claimed the No. 1 spot. Joining him in the top ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Forbes will open a high-end private members’ club in Madrid on Monday as part of a wider effort to ...

Add articles to your saved list and come back to them any time. The five remaining members of the Bali Nine have arrived back in Australia as free men after the federal government secured a deal ...

Also notable, Saudi Arabia, OPEC's largest member, requires an oil price of $96 to balance its budget, underscoring the group's incentive to push for higher prices. Shifting market dynamics are ...

The 18-year-old Indian further went on to name the other key members of his team and their roles in helping him become the youngest world chess champion by breaking Garry Kasparov’s long ...

OPEC (Organization of the Petroleum Exporting Countries) is a group of 12 Oil-producing nations who collectively decide production quotas for member countries at twice-yearly meetings. Their ...

OPEC's latest oil market signals continued challenges for the global energy landscape. For the fifth consecutive month, the cartel has cut its global oil demand growth forecast for 2024, now ...