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 ...

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

Brent crude was down around 1.2 per cent to $76.16/bbl, while US West Texas Intermediate crude fell around, or 1.05 per cent, ...

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

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

ALMATY, Jan. 8 (Xinhua) -- Kazakhstan cut its 2025 oil production forecast to 96.2 million tonnes, down from the previous estimate of 97.2 million tonnes, the Ministry of Energy said on Wednesday.