Oil supply from countries outside the Declaration of Cooperation - the formal name for OPEC+ - will rise by about 630,000 ...

OPEC on Tuesday raised its global oil demand forecast for next year and trimmed its estimate for growth in supply from the ...

Angola’s oil production fell below 1 million barrels per day in July, missing government forecasts and highlighting ongoing ...

The raised forecast comes as the global economy was now projected to grow 3% this year, up from 2.9% previously.

The return of previously curtailed oil production by OPEC+ members is killing U.S. shale growth, with industry executives ...

U.S. shale producers are cutting rigs, slashing budgets, and pulling back hard as cheap oil from OPEC pushes prices deep ...

WTI oil pulls back as traders react to OPEC report, which indicated that Saudi Arabia raised production by 170,000 bpd in ...

Senator Heineken Lokpobiri, has assured that Nigeria remains fully committed to the rules of the Organisation of Petroleum Exporting Countries despite recent gains in crude oil output.Lokpobiri said ...

Instead, OPEC and its allies are voluntarily taking oil off the market. In November, several members of OPEC Plus, including the United Arab Emirates, Iraq and Kuwait, joined the Saudis in ...

The OPEC letter, which was first reported by Reuters, is significant because, under U.N. rules, any agreement forged at the climate summit must be unanimously endorsed.

Throttling back on oil production hasn’t helped OPEC and its allies to push up crude prices lately. At least four times in the past 15 months, members of the alliance known as OPEC+ have slashed ...

OPEC agrees to keep oil production cut, likely maintaining high prices through November election Saudi Arabia has ambitions to diversity its economy away from fossil fuel exports Comments ...