Saudi Arabia is asking the companies that OPEC uses for independent analysis of oil-production levels to submit a lower ...

By bnm Tehran bureau Iran topped global crude oil production growth in 2024, increasing output by 374,000 barrels per day (bpd) to achieve a 13% rise, according to OPEC's latest statistical bulletin.

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

Oil is expected to hold nearly 30% of the energy mix, while combined with gas it will stay above 50% through the period. "Oil underpins the global economy and is central to our daily lives," OPEC said ...

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

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

Ongoing concerns about Iran’s uranium stockpiles – and the possibility of further Israeli action – mean the geopolitical ...

War can lead to ‘complications on energy producers’ and hardships on national economies, Iran’s oil minister warned on ...

Bob McNally, the president of Rapidan Energy, tells The National’s Manus Cranny that Russia and Iran are set to dominate conversations at Opec's International Seminar in Vienna this week.Mr McNally ...

The latest U.S. sanctions on Iran come as members of the Organization of the Petroleum Exporting Countries and its allies, together known as OPEC+, agreed over the weekend to lift oil production by ...

Wall Street analysts predict oil futures will fall below $60 per barrel by the end of the year as the Organization of the ...

Oil rose 1% on Monday as signs of strong demand outweighed the impact of OPEC+ hiking output more than expected for August, ...