A key player in the oil industry and central to producer-consumer relations, the Organization of the Petroleum Exporting ...

The world will need as much as 19.5 million barrels per day (bpd) of new refining capacity by 2050 to meet rising global oil demand, OPEC said in its 2025 World Oil Outlook (WOO) with forecasts ...

OPEC’s history and rising energy and oil demand suggest that any claims of the organization’s waning importance, or indeed any predictions of peak oil in the coming decades, should be taken with a ...

5 days Crude Oil, Distillates Inventories See Minor Build as Prices Sink 5 days Oil Prices Sink 4% as OPEC Moves to Balanced 2026 Outlook OPEC increased its global oil demand growth estimate for 2026 ...

The Organization of the Petroleum Exporting Countries (OPEC) announced on Wednesday that the International Energy Agency (IEA ...

LONDON, Aug 8 (Reuters) - OPEC's oil output rose further in July after an OPEC+ agreement to raise production, a Reuters survey found on Friday, although the hike was limited by Iraq making additional ...

LONDON, Sept 4 (Reuters) - OPEC's oil output rose further in August after an OPEC+ agreement to raise production, a Reuters survey found on Thursday, mainly reflecting higher production by the United ...

LONDON (Reuters) -World oil supply is expected to closely match demand next year as the wider OPEC+ group increases production, an OPEC report showed on Monday, marking a change from last month's ...

OPEC 12 output for May 2025 was revised up by 34 kb/d, and June 2025 output was revised higher by 46 kb/d compared to last month’s report. The World liquids demand forecast for 2025 is unchanged from ...

OPEC 12 output for May 2025 was revised lower by 6 kb/d and April 2025 output was revised lower by 2 kb/d compared to last month’s report. OPEC has announced plans to increase output at about 411 kb/d ...

VIENNA, 14th September, 2025 (WAM) – Haitham Al Ghais, OPEC Secretary General, affirmed that OPEC has, and will continue to be a source of stability; a vital cog in the energy industry landscape; and ...