Oil demand growth will remain robust over the next two and a half decades as the world population grows, OPEC Secretary ...

There's no peak in global oil demand on the horizon and it will take trillions in investment in the coming decades to meet ...

Oil prices climbed on Tuesday as investors awaited the outcome of U.S.-China talks that could pave the way for easing trade ...

Haitham al-Ghais, the Secretary-General of the Organization of Petroleum Exporting Countries, said Tuesday at the Global ...

Opec does two things well: produce oil and manage the market to its advantage. The cartel has long held that cutting production and keeping the oil price high beats selling more barrels at lower ...

For months, the biggest news in the market has been OPEC+’s seismic decision to stop supporting oil prices — instead ...

OPEC crude oil production rose by 150,000 barrels per day (bpd) in May, reaching 26.75 million bpd, a Reuters survey showed.

OPEC’s crude oil production in May increased less than called for in the OPEC+ agreement. The five OPEC members that have ...

A 20% drop in oil prices has complicated negotiations between Aramco and Nigeria over a record $5 billion oil-backed loan, as Nigeria struggles with low output and persistent oil theft.

U.S. companies are facing economic headwinds that are reducing incentive to continue high production levels of oil.

Analysts at Morgan Stanley in a report for clients released earlier Monday tried to match up production from certain OPEC+ members with the unwinding of 2.2 million b/d of cuts. The aggregate ...

Saudi Arabia and the United Arab Emirates see a chance to ratchet up production in July, the third consecutive month of ...