Average gasoline prices in South Dakota have fallen 3.6 cents per gallon in the last week, averaging $2.92/g today, according to GasBuddy's survey of 628 stations in South Dakota. Prices ...

MOSCOW, June 30. /TASS/. Participants of the 9th OPEC International Seminar will address a broad range of issues related to the development of the global energy sector, including both short-and ...

Saudi Energy Minister Prince Abdulaziz bin Salman said Thursday that OPEC+ will base any future oil production decisions on ...

Saudi Arabia has a history of shaking up the market by increasing production. The OPEC leader caused prices to fall below $10 per barrel in 1986 after boosting output to penalize other producers.

OPEC may soon lose its sway over global oil prices, IEA says By Anna Cooban, CNN ... (That’s) a major, major surplus and… might be one of the highest in the history,” Fatih Birol, ...

OPEC has a long history of distrust when it comes to members submitting their own data, whether production or capacity, according to Reuters. In June 2023, ...

OPEC bases its projection on stronger global economic growth for 2024, estimating it will rise by 2.8%, as compared to 2.6% for 2023. By contrast, the IEA projects global economic growth to be cut ...

The US is now history's largest oil producer, according to S&P Global Commodities Insight. Crude and condensate production hit a new global record this quarter. "When you look back on 2008 ...

“Brazil possesses a long-standing history in the energy markets and will continue to enjoy a bright future as a leading global energy provider”, Al Ghais added, as quoted in an OPEC press release.

Amid the squeeze on OPEC, the United States is thriving as an oil producer, accounting for 80 percent of the global supply increase in 2023, according to the I.E.A.

While Opec admitted in its 2023 outlook that the share of oil in the energy mix will decline modestly by 2045, it “will remain the fuel with the largest share by 2045 at 29.5%”.