This move aims to compensate for pumping above agreed levels, with monthly reductions ranging from 189,000bpd to 435,000bpd.

OPEC+ on Thursday issued a new schedule for seven member nations to make further oil output cuts to compensate for pumping ...

Oil prices were steady on Friday and headed for a second consecutive weekly gain as fresh U.S. sanctions on Iran and the ...

Opec+ on Thursday issued a new schedule for seven member nations to make further oil output cuts to compensate for pumping above-agreed levels, which will more than overtake the monthly production ...

The last oil price war has indebted, but not reduced U.S. shale production, while costing OPEC members $450 billion in lost revenues. Oil prices have fallen fast since the 3 March announcement ...

What's more important for crude oil markets? Forecasts of Chinese oil demand growth by leading agencies or the reality of ...

Belarus and Russia are coordinating potash production cuts and may form a new cartel, which could drive potash prices higher.

The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria’s average daily crude oil production declined to 1.65 ...

Analysts are worried that the political crisis and explosion of crude oil pipeline in Rivers could affect Nigeria's oil ...

Others, like the United Arab Emirates and Gabon, are also producing slightly above their assigned quotas. This has caused an ...

Nigeria has successfully reached its OPEC oil production targets after years of falling short, according to a top official ...

The latest monthly oil market report by OPEC showed that Nigeria’s crude production declined from 1.54 million barrels per ...