The Biden administration on Friday targeted Russia’s energy sector, including its oil industry, with some of its harshest ...

OPEC cut oil demand growth forecasts for this year and next for a fifth straight month, making its deepest reduction to the 2024 outlook so far after agreeing to extend its supply curbs. The ...

Opec-plus’ crude average production averaged 40.81 million b/d, a decline of 1.18 million b/d compared with 2023.

Russia’s own data show its crude production in December fell below its OPEC+ target, according to people familiar with ...

LONDON (Reuters) -OPEC cut its 2024 global oil demand growth forecast for a fifth straight month on Wednesday and by the largest amount yet, a series of downgrades that highlights China's ...

OPEC+ is cutting its crude oil (CL=F, BZ=F) demand growth forecast for the fifth consecutive month. The Catalysts team welcomes Energy Word Founder Daniel Dicker to share his insights on what this ...

The Organisation of Petroleum Export Countries (OPEC) has disclosed that Nigeria surpassed its December quota, with oil ...

Russia announced a reduction in crude oil production below the OPEC+ target for December. The nation reported pumping 8.971 ...

Oil prices fell around 3% in 2024, slipping for a second straight year, as the post-pandemic demand recovery stalled, China's ...

In a monthly report, OPEC said it expects 2024 global oil demand to rise by 1.61 million barrels per day (bpd), down from 1.82 million bpd last month. OPEC also cut its 2025 growth estimate to 1. ...