Oil markets are facing a supply glut, with non-OPEC producers on track expand production by 1.5 million barrels of oil a day, ...

Global oil markets face a surplus of more than 1 million barrels a day next year as Chinese demand continues to falter, ...

0116 GMT – Oil prices are mixed in early Asian trade. Market sentiment is likely weighed after OPEC cut its demand forecasts, Westpac senior economist Pat Bustamante writes in a note. In its monthly ...

Given that oil demand growth next year probably won't be much more than 1 million barrels a day, a full unwinding of OPEC+ ...

OPEC members function as a cartel, seeking to maximize their oil sales revenue by adjusting output in light of prevailing ...

Oil prices held near a two-week low on Tuesday after dropping about 5% over the past two sessions as investors absorbed ...

The cartel now expects world oil demand to grow by 1.82 million barrels a day this year and 1.54 million barrels a day in 2025, down from previous estimates of 1.93 million barrels and 1.64 million ...

OPEC cut its forecast for global oil demand growth in 2024 and lowered its projection for next year on Tuesday, highlighting ...

The Organization of the Petroleum Exporting Countries cut its forecast for oil-demand growth for the fourth consecutive month ...

Then came the summer and the first actual consumption data for the first and second quarters of the year, showing that ...