OPEC on Wednesday stuck to its forecast for relatively strong growth in global oil demand in 2025, saying air and road travel ...

With growing competition from non-OPEC producers, the group may need to reassess its production strategy to avoid further ...

OPEC oil output fell in January for a second month, a Reuters survey found, as a drop in exports from Nigeria and Iran offset a rebound from the United Arab Emirates where field maintenance had curbed ...

The report noted that oil-exporting countries pumped 26. ... The modest decline in output came as the wider OPEC group is keeping production cuts in place until the end of March due to global ...

World oil output without the US increased by 692 kb/d to 68,304 kb/d. November’s production is expected to increase by 238 kb ...

After rallying in January to start the year, they have sold off in February ... One wildcard for investors looking at the sector is that Russian oil output is likely ready to fall as sanctions ...

Venezuela's oil output production fell 5% from May of 2022 ... Russia's output is expected to fall this year. OPEC insisted that strong demand and tight supply have led to a strong upward trend ...

Nigeria has achieved a significant milestone by meeting its Organisation of Petroleum Exporting Countries (OPEC), crude oil ...

In January, Nigeria made real its focus on ramping up oil production, raising average daily crude output ... meet the OPEC quota in 2024. However, the government started the new year on a good ...

Founder of Heirs Energies, Tony Elumelu, has said Nigeria must ramp up oil production to generate revenue for economic ...

But on year-on-year, YoY basis, the nation’s oil output, including condensate ... The average crude oil production was 103% of OPEC quota (1.5 mbpd) “The daily average production in January ...