Global oil supply will exceed demand in 2025 even if OPEC+ cuts remain in place, the IEA said on November 14 as rising ...

OPEC+ is facing a dilemma as the group of major oil producers meets this Sunday, thanks to expectations for a surplus in ...

OPEC+ has few options when it comes to bringing back the oil production capacity it has been keeping off the market, ...

Global Crude Oil markets eased back on the news, with US West Texas Intermediate (WTI) Crude Oil whipsawing over 3% top-to-bottom after Israel headlines hit markets. WTI is now trading into familiar ...

OPEC is unlikely to unwind voluntary production cuts in the short term, executives of global commodity trading giants Vitol, ...

Adding to Brent Crude’s challenges were rumors that Donald Trump may slash the red tape around oil drilling on Federal lands.

Goldman Sachs expects Brent prices to average around $80 per barrel this year, despite a 2024 deficit and geopolitical ...

More recently, the United Arab Emirates played the role. Next year, it will be Kazakhstan. The central Asian nation joined forces with OPEC in 2016 when the oil cartel created an alliance with several ...

All participants in the talks noted that "OPEC plays a crucial role in this regard," Iraqi Prime Minister Mohammed Al Sudani added ...

OPEC+ nations are discussing a further delay to a planned oil output hike that was due to start in January, two sources from ...

The US Dollar Index edges slightly lower on the back of the tariffs new s.

Iraq, Saudi Arabia and Russia agree on the importance of maintaining stable oil markets and fair prices, Iraq's Prime ...