OPEC+ is expected to agree on a plan that would see production for the group increase in May, OPEC+ sources told Reuters on Tuesday. The OPEC+ group, comprised of the 12 OPEC members—Saudi ...

The Organization of Petroleum Exporting Countries (OPEC) reduced its crude oil production in March, ahead of its planned production increase for May, a new Bloomberg survey showed on Tuesday.

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Palm oil production growth plummets to 1% from 7% Indonesia boosts biodiesel consumption, curbs exports Palm oil prices surge past soyoil amid tight supplies Biofuel demand to drive up vegoil ...

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U.S. crude oil production fell by 305,000 barrels per day to 13.15 million bpd in January, the lowest level since February 2024, data from the U.S. Energy Information Administration showed on Monday.

CAIRO, March 23 (Reuters) - Iraq plans to raise oil production capacity to more than 6 million barrels per day (bpd) by 2029, the state news agency reported Iraq's oil ministry as saying on Sunday.

U.S. policymakers have been concerned about the country's dependence on imported energy since World War II. Those concerns were highlighted in the 1970s when episodes of sharply rising oil prices ...

Reconnaissance Energy Africa Ltd. (ReconAfrica) will spud the Prospect I well in the Damara Fold Belt in PEL 73, onshore Namibia, during second quarter 2025. Prospex Energy PLC plans to drill five ...

Crude oil futures rose sharply on Friday but still finished with another week of losses, as markets were pushed and pulled by OPEC's decision to go ahead with production increases starting in ...