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

OPEC's extended production cuts and reduced non-OPEC growth will create a reliance on OPEC barrels, giving them leverage to set higher oil prices. Despite current low WTI prices, we anticipate a ...

Oil prices fell around 3% in 2024, slipping for a second straight year, as the post-pandemic demand recovery stalled, China's ...

OPEC's position in the oil market is slipping, and next year's massive supply glut will likely further loosen the cartel's grip. According to the International Energy Agency, OPEC+ faces a sizable ...

OPEC's latest oil market signals continued challenges for the global energy landscape. For the fifth consecutive month, the cartel has cut its global oil demand growth forecast for 2024 ...

International benchmark Brent crude will average $65 a barrel this year as new oil production from non-OPEC countries outstrips the growth in global crude consumption, according to Bank of America ...

Standard Chartered: the slowdown in U.S. oil production growth is set to continue in 2025 and 2026. Standard Chartered: the U ...

OPEC cut oil demand growth forecasts for this year and next for a fifth straight month, making its deepest reduction to the 2024 outlook so far after agreeing to extend its supply curbs.