VIENNA -- The Organization of the Petroleum Exporting Countries (OPEC) launched the 2025 edition of its Annual Statistical ...

Oil was trading slightly lower ahead of an OPEC+ meeting on July 6 that is set to deliver another oversized production hike.

Global oil production fell by 1% in 2024 while demand continued to grow, widening the supply gap, OPEC reported.

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The Organisation of the Petroleum Exporting Countries (OPEC) has projected a potential shortfall of 23 million barrels per day (bpd) ...

Oil prices steadied on Tuesday after sliding earlier in the session, with the market weighing expectations of an OPEC+ output ...

Oil prices dipped on Thursday as analysts weighed the implications of the U.S. tariffs set to be imposed only July 9, as well as the likelihood of the Organization of the Petroleum Exporting Countries ...

Oil prices are under pressure as expectations grow that OPEC+ will announce a large supply increase for August. Given its ...

Brent crude will likely retrace to around $60 per barrel by early next year, with the market being well supplied and ...

Iraq emerged as the largest OPEC crude oil supplier to the United States in May, driven by strong export volumes and ...

The Organisation of the Petroleum Exporting Countries (OPEC) has projected a 23 million barrels per day oil supply shortfall by 2023 without upstream investments of up to $17.4 trillion. It said the ...

The Organisation of Petroleum Exporting Countries (OPEC) says its research estimates a huge oil market deficit of 23 million ...