Despite pledges to increase production, OPEC+ saw a decline in collective output in April, driven by shortfalls in sanctioned ...

OPEC on Wednesday trimmed its forecast for growth in oil supply from the United States and other producers outside the wider ...

The prospect of higher supply from the Organization of the Petroleum Exporting Countries and allies in the coming months will ...

The OPEC+ cartel announced on Saturday that it would increase oil production again. It announced a 411,000-barrel-per-day oil ...

Nigeria averaged a crude oil production output of 1.468mbpd in the first quarter of 2025, much lower than the 2mbpd ...

Oil prices may have no relief from further downside in the second half of 2025 with increased supply from the OPEC+ flooding ...

The Organization of the Petroleum Exporting Countries trimmed its economic growth outlook and kept its oil demand forecast ...

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

Azerbaijan’s crude oil production held steady in April 2025, according to OPEC’s latest figures. While output remained flat ...

Nigeria’s crude oil production, including condensates, declined slightly to 1.486 million barrels per day (bpd) in April 2025 ...

Investors and policy-makers await US inflation numbers this ... Peter Navarro, oil keeps rolling along. The strength in the oil market is based on massive global production ...