OPEC cut its 2024 global oil demand growth forecast for a fifth straight month on Wednesday and by the largest amount yet, a ...

Oil prices continued its steady move higher on Wednesday, up around 1.27% at the time of writing. This is a slight surprise ...

OPEC cut its forecasts for oil demand growth this year and next on Wednesday, highlighting weakness in China, India and other ...

OPEC cut oil demand growth forecasts for this year and next for a fifth straight month, making its deepest reduction to the ...

OPEC appointed Haitham Al-Ghais for a second three-year term as its secretary-general, extending his tenure until mid-2028.

It was barely half a year ago when the member countries of the OPEC+ oil cartel announced plans to unwind deep cuts in ...

The US and other oil-producing nations will account for the bulk of crude supply growth in 2025, Bank of America said.

The oil cartel had aimed to start opening the taps in January, but delayed in the face of weak demand and plans by other ...

Eight members of the OPEC+ alliance of oil exporting countries have decided to put off increasing oil production as they face ...

Igor Sechin, the head of Russia's largest oil producer Rosneft , said on Thursday that the OPEC+ group's decisions to reduce ...

Morgan Stanley and HSBC revised down their expectations for an oil market surplus next year and forecast a Brent price of $70 ...