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

Oil prices ticked down on Tuesday as prospects of more supply from the Organization of the Petroleum Exporting Countries and ...

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

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

Crude oil prices held steady as traders balanced expectations of rising OPEC+ supply with a surprise U.S. inventory build.

Saudi Arabia's oil exports jumped to the highest level in more than a year in June as the kingdom shipped more crude to ...

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 ...

If approved, this would bring OPEC+'s total supply increase for the year to 1.78 million bpd, equivalent to more than 1.5% of ...

Output for March 2025 was revised higher by 2 kb/d and April 2025 output was revised higher by 128 kb/d compared to last ...

Bearish oil outlook ahead as OPEC+ output jumps, demand growth slows, and geopolitical premiums fade, keeping crude oil ...