The oil market had a strong end to 2024 and a strong start to 2025 with ICE Brent trading above $76/bbl in early January, ING’s commodity analysts note. “In early December, OPEC+ agreed to a further ...

Mr. el-Badri, who is also oil minister in Libya, added that the final decision will be up to OPEC's oil ministers when they gather in Abu Dhabi on December 5 but his words frustrated hopes that ...

OPEC’s Vienna-based secretariat said the revision ... bid to stave off a surplus and shore up prices. With last week’s decision, its plan is now to revive 2.2 million barrels a day of halted ...

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

Some price forecasters are starting to revise their outlook for oil following OPEC's decision to output. OPEC+’s decision to delay a rollback of production cuts agreed last year has rekindled ...

Political instability, wars, and sanctions can disrupt supply and impact prices. The decisions of OPEC, a group of major Oil-producing countries, is another key driver of price. The value of the ...

Opec has made a “minor” cut to its global ... The latest downgrade comes days after the Opec+ decision to delay the unwinding of production cuts through the first quarter of next year as ...

Saudi Arabia and Iraq, two of OPEC's largest producers, maintained their commitment to production cuts. The OPEC+ group's decision to extend production cuts has contributed to tighter global oil ...