The head of the largest independent oil producer in the Permian Basin predicts US shale production has peaked and will likely ...

The Organization of Petroleum Exporting Countries (OPEC) has reported a decline in Nigeria’s oil production following its ...

The group agreed to raise output in June, a sign that Saudi Arabia and its allies appear to be weary of cutting output and ...

Kazakhstan has no plans to reduce its record-high crude and condensate output in May, further straining the OPEC+ alliance by ...

President Donald Trump wants more oil drilling, but one Texas producer expects low prices to send output downward.

World oil production increased by 383 kb/d in December to 82,386 kb/d. December’s world oil output without the US increased by 288 kb/d to 68,896 kb/d. December’s Big 3 oil production ...

Numbering a total of 22 countries, most of which are highly dependent on oil, the group had until recently been exploiting supply scarcity to boost prices, holding millions of barrels in reserve.

Oil is one of the main drivers of economic growth in Africa. It fosters international relationships, attracts foreign ...

Between tariffs roiling the global economy and OPEC putting more barrels on the market, prices have dropped significantly ...

Eight OPEC+ member countries on Saturday announced a sharp increase in oil production for the month of June at the risk of ...

Kazakhstan will prioritise national interests over those of the OPEC+ group when deciding on oil production levels, the ...