Crude oil futures closed Friday at their lowest settlement price this year, with both WTI and Brent benchmarks tumbling more than $2/bbl, fueled by near-term supply concerns and expectations that ...

OPEC+ producers are not considering delaying a series of monthly oil supply increases that is scheduled to begin in April, ...

Brazil’s government on Tuesday approved joining OPEC+, a group of major oil-exporting nations, signaling the country’s ...

The Organisation of the Petroleum Exporting Countries has sent a new challenge for Nigeria government to achieve crude oil production of 4 million barrels per day.

OPEC on Wednesday stuck to its forecast for relatively strong growth in global oil demand in 2025, saying air and road travel ...

With growing competition from non-OPEC producers, the group may need to reassess its production strategy to avoid further ...

At Davos, Trump challenged OPEC to lower oil prices by increasing production, warning that high prices could harm economic growth. His remarks raised questions about OPEC’s ability to sustain ...

Tough US sanctions on Russian oil are allowing the biggest Middle Eastern producers to raise prices for their main market by ...

OPEC has rejected U.S. calls for increased oil production, stating that the cartel's decisions are based on market ...

Spread This News IOL THE African Energy Chamber (AEC)—as the voice of the African energy sector—has long advocated for a ...