Oil traders expect OPEC+ to stick with its current supply policy at a review meeting next week, resisting pressure from ...

OPEC+ confirmed the plans during an online meeting on Thursday, announcing that the gradual easing of output cuts would begin in April 2025. The group had planned to ease current reductions in ...

OPEC+ members are currently cutting output by a total of around 5.85 million barrels a day. These also include 2 million barrels a day by the whole group and 1.65 million barrels a day of ...

If the $2.7 trillion global crude oil market were a sovereign country, it would be the world's eighth-largest economy, right after France. "Black gold" is the most-traded commodity in the world.

TASS/. Eight OPEC+ countries will continue voluntary oil output cuts of 2.2 mln barrels per day (bpd) in Q1 2025 to balance the oil market. Only eight OPEC+ countries have complied with the 2.2 ...

MOSCOW, January 15. /TASS/. OPEC+ countries’ crude oil production grew by 170,000 barrels per day (bpd) in December 2024 due to African countries, with output being 930,000 bpd above the target ...