The eight OPEC+ nations on Saturday agreed to increase their crude oil production by 548,000 barrels per day starting in ...

The increase, which the group said was a response to “a steady global economic outlook,” was higher than some analysts ...

Eight members of the OPEC+ alliance of oil exporting countries say they will boost production by 548,000 barrels per day in August in a move that could further reduce gas prices ...

Eight OPEC producers agreed to lift crude output by 548,000 barrels per day in August, exceeding the anticipated 411,000 ...

Jeddah, June 18, 2025, SPA -- The fourth OPEC Fund Development Forum, held in Vienna, Austria, concluded today with a strong slate of new commitments, loan agreements, and strategic partnerships to ...

OPEC now expects supply from non-OPEC+ producers to increase by 730,000 barrels per day in 2026, compared to 800,000 barrels per day in its previous estimate. It therefore projects that US oil ...

Aljadaan made these remarks during his speech today at the OPEC Fund for International Development Forum, held in Vienna, Austria. He extended his appreciation to the OPEC Fund for organizing the ...

A number of wealthy creditor nations and multilateral lenders have launched an initiative that aims to give sovereign ...

U.S. futures inch down following an upbeat session on Monday that saw global stocks touch a fresh intraday record, with ...

The SPIEF focused on global and regional economic processes, market transformation, new technologies, the investment climate, financial policy, and people. The Forum is unique in terms of its ...

The World Economic Outlook (WEO) database contains selected macroeconomic data series from the statistical appendix of the World Economic Outlook report, which presents the IMF staff's analysis and ...

Oil also powers less of the US economy these days. In 1975, petroleum accounted for 47% of the energy consumed in the United ...