OPEC projects an 800,000 bpd increase in non-OPEC+ oil supply for both 2025 and 2026, down 100,000 bpd from previous estimates.

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.

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.

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 ...

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 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 ...

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 ...