OPEC oil output fell in December after two months of increases, a Reuters survey found, as a drop from the United Arab ...
OPEC’s crude production dipped last month as the United Arab Emirates stepped up implementation of supply cutbacks aimed at ...
Standard Chartered: the slowdown in U.S. oil production growth is set to continue in 2025 and 2026. Standard Chartered: the U ...
Oil prices trimmed earlier gains on Wednesday as the dollar strengthened but continued to find support from a tightening of ...
International benchmark Brent crude will average $65 a barrel this year as new oil production from non-OPEC countries ...
Oil prices were rising in early trade, supported by a stronger physical market and concerns over Russian and Iranian flows.
The IEA forecasts a major oil supply glut in 2025, and even if OPEC+ continues to limit production, it won't be enough to address the overhang.
In 1960, frustrated by Western control over the world’s oil industry, five of the world’s top oil-producing nations created the Organization of the Petroleum Exporting Countries, or OPEC.
Nigeria has achieved OPEC quota for that first time in four years, producing 1.51 million bpd in December 2024 ...
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