Opec-plus’ crude average production averaged 40.81 million b/d, a decline of 1.18 million b/d compared with 2023.

Oil prices rose on Wednesday as supplies from Russia and OPEC members tightened while U.S. crude oil stocks fell last week, ...

Oil prices trimmed earlier gains on Wednesday as the dollar strengthened but continued to find support from a tightening of ...

Oil prices rose on Wednesday as supplies from Russia and OPEC members tightened while data showing an unexpected increase in ...

OPEC oil output fell in December after two months of increases, a Reuters survey found, as a drop from the United Arab ...

Following the overthrow of former Syrian President Bashar Al-Assad, calls are mounting to revive a defunct pipeline that once ...

(MENAFN- Caribbean News Global) VIENNA, Austria – The final two months of 2024 saw a number of important events take place for OPEC Member Countries and non-OPEC countries participating in the ...

Iran, Kuwait and Libya called on fellow OPEC members on December 18th to reduce production at the group’s next formal gathering in order to correct the current supply imbalance. Iran’s OPEC ...

So, we’re uncertain whether OPEC will turn the taps back on in April. Source: Organization of the Petroleum Exporting Countries, Oil & Gas Journal. Data as of Nov. 19, 2024. On the gas side ...

Since that figure was announced, there has been a major shift in OPEC+ production policy that will see members’ output ... of Petroleum Exporting Countries and its allies, Kazakhstan should ...

These projects will benefit countries across the globe and aim to bolster infrastructure, food security, renewable energy, economic resilience, according to a statement released by the Fund. OPEC Fund ...