OPEC+ reaffirms its oil output plans despite patchy compliance from some members, urging full conformity with agreed production levels as voluntary cuts unwind.

An OPEC+ panel on Monday stressed the need for full compliance with oil production agreements, ahead of Sunday's separate ...

OPEC now sees global demand growing by 1.3 million barrels a day, or mbd, in 2025 and by 1.28 mbd in 2026. In March, the cartel had forecast growth of 1.45 mbd this year and 1.43 mbd in 2026.

OPEC+ faces a major oil oversupply in 2025, challenging production increases. The coalition has tried to boost oil prices by holding back output. Instead, members are ceding control to non-OPEC ...

At the Opec International Seminar in Vienna, Indian petroleum minister Hardeep Singh Puri met with Opec secretary general Haitham Al Ghais to discuss the need for a stable and predictable oil market.

BEIJING/SINGORE -Oil prices rose on Friday after U.S. President Donald Trump said he would make an announcement regarding Russia, raising the prospect of more sanctions on the major oil producer, ...

OPEC reviewed the messages the IEA has issued since 2017 in an article published on its website. The agency shifted its position that investments are needed at some point between 2018 and 2021.

The chart above looks at Other 6 OPEC crude output, which is OPEC 12 minus OPEC Big 4 minus Iran and Venezuela from May 2021 to April 2025. The average annual increase is only 60 kb/d.

Concerns around tariffs and conflicts in the Middle East and Ukraine have taken a backseat to more fundamental factors ...

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.

Crude futures are headed for weekly declines after U.S. President Trump outlined plans to boost domestic production and said he would ask Saudi Arabia and OPEC to lower oil prices. Brent crude and ...