The Organisation of the Petroleum Exporting Countries (OPEC) warns that the oil sector will need $10.6tn in new investments by 2040—and up to $18.2tn by 2050—to meet rising global demand and maintain ...

OPEC cut its global oil demand forecasts for the next four years on Thursday as Chinese growth slows, even as it lifted its ...

Venezuelan state-run PDVSA's oil sales abroad in 2024 stood at $17.52 billion, according to a results document seen by ...

OPEC ministers, top energy firm CEOs and oil and gas analysts and traders gathered for the OPEC Seminar in Vienna this week.

OPEC is sticking to its guns while everyone else is screaming climate emergency. The cartel now says global oil demand will hit 123 million barrels a day by 2050, up nearly 19% from today’s levels.

Discussions at the Opec International Seminar in Vienna on Wednesday pushed the narrative that talk of "peak oil demand" has ...

BEIJING/SINGAPORE (Reuters) -Oil prices rose on Friday after U.S. President Donald Trump said he would make an announcement ...

Good afternoon and happy Thursday, readers! We are continuing to follow the aftermath of the destructive flash flood that hit parts of central Texas last week. The death toll continues to increase as ...

The OPEC oil cartel said Thursday that demand for crude will continue to expand through at least 2050, calling efforts to ...

Energy ministers talked through production capacity, investment and the green transition at this week’s OPEC conference in Vienna.

You can see that even with the increase in several months, we haven't seen a major buildup in the inventories, which means ...

Oil prices fell after OPEC+ countries unexpectedly announced a more significant increase in oil production in August than ...