China is set to import less crude oil from Saudi Arabia on a month-on-month basis in February after the Kingdom hikes prices ...

The Organisation of Petroleum Export Countries (OPEC) has disclosed that Nigeria surpassed its December quota, with oil ...

OPEC's position in the oil market is slipping, and next year's massive supply glut will likely further loosen the cartel's grip. According to the International Energy Agency, OPEC+ faces a sizable ...

OPEC cut oil demand growth forecasts for this ... according to its monthly report. The cartel has slashed projections by 27% since July as it belatedly recognizes the deteriorating market picture.

International benchmark Brent crude will average $65 a barrel this year as new oil production from non-OPEC countries ...

The Vienna-based cartel now expects demand to grow by 1.61 million barrels a day this year and 1.45 million barrels a day next year, from previous estimates of 1.82 million and 1.54 million ...

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 ...