OPEC continued to project a substantial supply deficit in global oil markets this year and next even as the group revives production, a view that clashes with the wider industry. The Organization of ...

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 ...

US shale oil companies are expected to lay out cautious plans to keep spending and production increases to a minimum in the months ahead when the sector’s third-quarter earnings season kicks off in ...

Oil prices fell more than $2 a barrel on Wednesday, weighed down by an OPEC report saying global oil supply will match demand ...

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 ...

LONDON, Sept 8 (Reuters) - OPEC on Monday released a compensation schedule from six of its members covering the period from last month and until June next year to make up for producing above their ...

OPEC has kept its global oil demand growth forecasts unchanged for 2025 and 2026, expecting continued robust economic growth to drive demand. The cartel anticipates global oil demand to reach an ...

The Organization of the Petroleum Exporting Countries (OPEC) announced on Wednesday that the International Energy Agency (IEA) has made a “rendezvous with reality” after reversing its forecast for ...

OPEC Secretary General Haitham Al Ghais speaks exclusively to CNBC’s Dan Murphy at ADIPEC in Abu Dhabi. He discusses OPEC’s ...

World stocks approached record highs as the U.S. government shutdown ended, yet the Japanese yen hit record lows against the ...