OPEC oil output fell in January for a second month, a Reuters survey found, as a drop in exports from Nigeria and Iran offset ...

Iran's President Masoud Pezeshkian urged OPEC members to unite against possible U.S. sanctions on the major oil producer, ...

If demand rises with greater strength than expected in 2025, the oil price rally could be even more significant.

OPEC oil production declined in January, primarily due to lower output from Iran and Nigeria, despite the JMMC reaffirming ...

Despite Nigeria's plans to increase crude production, it has seen a major decline in daily crude production in January 2025, ...

There is no doubt there will be an impact of the second Trump presidency on the energy transition, but it is unlikely to have ...

The experts stressed the need for Kuwait and other Gulf nations to diversify their income sources, and attract foreign investments ...

Iran's oil minister said imposing unilateral sanctions on crude producers would destabilise energy markets, the ministry's ...

OPEC's total spare capacity is 5.3 million bpd, of which 3.1 million bpd is held by Saudi Arabia, 1.1 million bpd by the UAE, ...

The Organisation of the Petroleum Exporting Countries’ crude production dipped for a second consecutive month in January as a drop in exports from Nigeria and Iran affected crude outputs.

OPEC pumped an average of just over 27 million barrels a day in January, about 70,000 a day less than the month before.