An oil port at Ras Tanura, Saudi Arabia, in 2018. The kingdom and seven other members of the OPEC Plus oil cartel will ramp up oil production by 411,000 barrels a day in July. Christophe Viseux ...

OPEC is sticking to its guns while everyone else is screaming climate emergency. The cartel now says global oil demand will hit 123 million barrels a day by 2050, up nearly 19% from today’s ...

OPEC sticks to 2025, 2026 global oil demand growth forecasts By Alex Lawler February 12, 20255:54 AM PSTUpdated February 12, 2025 ...

OPEC, which along with its allies is ramping up oil output, expects "very strong" oil demand in the third quarter and a tight supply-demand balance in the following months, its secretary general ...

Already, the Trump administration is reviving talks on a nuclear partnership with Saudi Arabia. Typically, OPEC Plus would be scrambling to cut supplies to bolster markets.

OPEC's report also showed that in June OPEC+ pumped 41.56 million bpd, up 349,000 bpd from May. This is slightly less than the 411,000 bpd hike called for by the group's increase in its June quotas.

The biennial OPEC Seminar conference took place over July 9-10 at the Hofburg palace in Vienna. Key attendees included Saudi Prince and Energy Minister Abdulaziz bin Salman, along with a slew of ...

Eight OPEC oil producing nations Thursday agreed to boost crude oil production by 411,000 barrels a day, lowering prices by 6%. The increase was much more than expected and starts in May.

With Iran’s crude exports so far unaffected, OPEC Secretary General Haitham Al Ghais has said the organization doesn’t need to take any immediate action. Quota Cheats The report published by ...

OPEC leader and top producer, Saudi Arabia, raised its output by 177,000 bpd in May, the secondary sources in the OPEC report found. Saudi Arabia pumped 9.183 million bpd, fairly close to a target ...

OPEC’s crude oil production in May increased less than called for in the OPEC+ agreement which had a large output hike planned for last month. All 12 OPEC members produced 26.75 million barrels ...

OPEC's World Oil Outlook 2025 estimates that "reliably" supplying markets and offsetting natural declines at mature fields will require global oil investments of $18.2 trillion over 2025-2050.