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

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 ...

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

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

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 ...

Iraq aims to eliminate gas flaring by 2027, a significant step towards energy security and environmental sustainability.

The report did not provide further details of the project but Fadil said in 2024 that Acwa Power would build the plant as a joint venture with Iraq. Baghdad has awarded a number o ...

ALMATY, Jan. 8 (Xinhua) -- Kazakhstan cut its 2025 oil production forecast to 96.2 million tonnes, down from the previous estimate of 97.2 million tonnes, the Ministry of Energy said on Wednesday.