The Organization of the Petroleum Exporting Countries (OPEC) has received updated plans for Iraq, Kazakhstan and other ...

The focus of this post is an overview of world oil production, along with a more detailed review of the top 11 Non-OPEC oil ...

OPEC cut its 2025 global oil demand growth forecast on Monday for the first time since December, citing the impact of data ...

The announcement from the so-called OPEC+ group of key OPEC members plus Russia ... demand during the upcoming summer months in their countries, and they are not necessarily aspiring to flood ...

The Organization of the Petroleum Exporting Countries cut its forecast for oil demand growth just days after a surprise ...

VIENNA, April 5 (KUNA) -- The 59th Meeting of the Joint Ministerial Monitoring Committee (JMMC) on Saturday valued the additional voluntary production adjustments made by the 8 OPEC plus countries in ...

President Trump’s sweeping tariffs combined with OPEC’s unexpectedly large production hike are combining to trigger a “double whammy” on the oil and gas sector, resulting in crude prices ...

It appreciated the additional voluntary production adjustments made by the 8 OPEC plus countries which were announced in April and November 2023 in supporting market stability. The Committee noted ...

According to OPEC’s secondary sources, Venezuela’s production hit 900,000 barrels per day in the first quarter of 2025, with exports to the US reaching 250,000 barrels per day in January.

LONDON (Reuters) -OPEC cut its 2025 global oil demand growth ... The Organization of the Petroleum Exporting Countries, in a monthly report, said world oil demand would rise by 1.30 million ...

countries exceeding the agreed production volumes pledged to compensate them from January 2024). They also intend to submit updated plans for accelerated compensation of these volumes to the OPEC ...

The slide was accentuated by an announcement on Thursday by eight members of the producers cartel known as OPEC Plus that they would ... in Saudi Arabia and other countries to raise production.