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

OPEC oil output fell in December after two months of increases, a Reuters survey found, as a drop from the United Arab ...

OPEC’s crude production dipped last month as the United Arab Emirates stepped up implementation of supply cutbacks aimed at ...

Wall Street analysts are projecting lower oil (BZ=F, CL=F) prices in 2025, with forecasts ranging from $65 to $76 per barrel. Roth Capital Partners senior energy analyst Leo Mariani and S&P Global ...

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 ...

In a note last week, BofA said that fiscal budget deficits were emerging across OPEC economies amid lower prices, prompting some members to break with the agreed production limits. Meanwhile ...

We saw a permanent shift in the price of oil that enriched Opec’s members. What’s not to like if you’re a solar manufacturer? The problem for Longi Green Energy Technology, Trina Solar ...

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'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 ...

LONDON-Opec cut its 2024 global oil demand growth forecast for a fifth straight month on Dec 11 and by the largest amount yet, a series of downgrades that highlights China’s sputtering role as ...

OPEC revised its 2025 demand growth outlook downward for the fifth consecutive month, with investors closely watching IEA market balance estimates. While China’s plans for monetary easing may ...

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 ...