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

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 ...

The country has struggled for years to meet its OPEC quota, which was last year slashed to 1.58 million bpd by the international oil cartel, after Nigeria consistently failed to fulfil its pledge ...

Analysts at Bank of America Merrill Lynch said that production from countries outside of the Opec+ oil cartel would boost demand. Non-Opec production would increase by 1.4m barrels per day in 2025 ...

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

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 ...

In 1973, the Opec oil cartel, which was largely based in the Middle East, stopped exporting oil to countries that had backed Israel. But the US ruling class did not blink. They preferred to keep ...

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

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

Gunmen in a truck pulled up to a bar in central Mexico and opened fire, killing 10 people, authorities said, in an area that had been spared the worst of the country's raging criminal violence.

OPEC cut its oil demand growth forecasts for this year and next for a fourth consecutive month as it belatedly recognized a ...