OPEC continued to project a substantial supply deficit in global oil markets this year and next even as the group revives production, a view that clashes with the wider industry. The Organization of ...

Opec’s decision on Sunday to again boost oil production might not be big, but the cumulative effect is hitting tanker markets. The bloc decided in an online meeting to raise production by 137,000 ...

[Stay on top of transportation news: Get TTNews in your inbox.] OPEC bolstered crude production last month as the group and its allies continued to revive halted supplies, according to a Bloomberg ...

OPEC bolstered crude production last month as the group and its allies continued to revive halted supplies, according to a Bloomberg survey. The Organization of the Petroleum Exporting Countries ...

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 ...

LONDON, Aug 12 (Reuters) - OPEC on Tuesday raised its global oil demand forecast for next year and trimmed its estimate for growth in supply from the United States and other producers outside the ...

OPEC is pursuing a long-term strategy to increase its market share and is unwinding production cuts, with oil prices remaining strong due to factors beyond OPEC's direct control. The rise in oil ...

OPEC 12 output for May 2025 was revised lower by 6 kb/d and April 2025 output was revised lower by 2 kb/d compared to last month’s report. OPEC has announced plans to increase output at about 411 kb/d ...

With a record of 104%, Nigeria exceeded the Organisation of Petroleum Exporting Countries (OPEC) crude oil production quota in June 2025 by .four percent. In the month under review, the country’s ...

VIENNA, July 10 (Reuters) - OPEC cut its global oil demand forecasts for the next four years on Thursday as Chinese growth slows, even as it lifted its longer-term view, based on rising consumption in ...

Many groups, including the International Energy Agency, predict that the world’s peak oil production is close, and global oil demand will drop starting in the next decade as more renewables come ...

Global oil markets are again showing the impact of emotions and misinterpretation. The so-called surprise production increase taken by eight (8) leading members of OPEC is, in principle, not relevant ...