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 ...

OPEC has slammed the brake on speculation, flatly rejecting media reports that the G8 is preparing to hike crude oil production by half a million barrels per day. In a statement from Vienna on Tuesday ...

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 ...

A flurry of bets on Brent crude falling below $60 a barrel this year changed hands in recent days, a sign investors are hedging against the risk of another large production hike from OPEC and its ...

The world oil market will see a small surplus in 2026 after OPEC+ production increases and higher supply from other producers ...

Saudi Arabia, the de facto leader of the oil cartel, sees advantages in increasing output despite market risks. By Stanley Reed Reporting from London Eight members of the OPEC Plus oil producers group ...

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 outlook, which ...

The World’s June oil production increased by 895 kb/d to 84,184 kb/d. For December 2026, production is projected to be 85,538 b/d, an upward revision of 853 kb/d from last month. World oil production ...

OPEC's oil output rose further in October after an OPEC+ agreement to raise production, a Reuters survey found on Tuesday, ...