Expectations that the OPEC and its allies will start unwinding voluntary output curbs of 2.2 million barrels a day starting ...

Oil slumped again on reports of the Saudis moving to defend their market share. But lower prices may likely persist ...

Oil prices were steady on Friday, but remained on track for a weekly fall as investors weighed expectations for higher global ...

OPEC's latest ‘World Oil Outlook’ paints a bullish picture for oil demand through to 2050, positioning itself as a staunch ...

Oil prices held steady on Friday but remained on track for a weekly fall as investors weighed expectations for increased ...

Separately, the Organization of Petroleum Exporting Countries (OPEC), and its allies, a group known as OPEC+, are currently ...

Although global oil markets are forecasting a supply deficit into early 2025, bearish sentiment surrounding demand overtook ...

The chasm between the two forecasting bodies has widened so much in the past two years that they now hold contrasting views ...

Kremlin resolves to display public solidarity with Opec and its leader Saudi Arabia that has largely overlooked ...

OPEC published its long-term outlook for the oil market up to 2050 this week, Commerzbank’s commodity analyst Carsten Fritsch notes.

In a bold move, Saudi Arabia has decided to increase its oil production despite the potential for a global oversupply. This ...

A statement posted on OPEC’s website on June 2 revealed that the 38th OPEC and non-OPEC Ministerial Meeting will be held on ...