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

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 ...

U.S. commercial crude inventories fell by 1.0 million barrels, bringing total stockpiles to 411.7 million barrels, 6% below the five-year average ... Trump challenged OPEC to lower oil prices ...

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 ...

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

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 ...

The president of the Kurdistan region said in an interview with Bloomberg that oil exports could resume next month after being shut down for nearly two years. “The resumption of shipments would ...

The group includes the 12 members of OPEC, the longstanding ... world’s seventh-largest oil producer, with about 4.3 million barrels daily, or 4% of the world´s output, according to Energy ...