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.

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 ...

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.

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 members of the OPEC Plus oil producers group said Saturday that they would pump an additional 548,000 barrels a day starting in August, an increase that was higher than some analysts ...

OPEC oil output edged lower in April despite a scheduled output hike taking effect, a Reuters survey found, led by a cut in Venezuelan supply on renewed U.S. attempts to curb the flows and smaller ...

Says OPEC+ Feb output jumped by 363,000 bpd led by Kazakhstan Kazakhstan pumped 1.767 mbpd in Feb vs quota of 1.468 mbpd OPEC holds 2025, 2026 oil demand growth forecasts steady ...

OPEC on Monday cut its oil demand growth forecast for 2025 and 2026 as President Donald Trump's tariffs weigh on global economic growth. The cartel now sees demand for crude growing by 1.3 million ...