OPEC is pumping, oil prices are falling, shale producers are pulling up rigs. Our experts explain how to profit from the ...

World oil supply will rise more rapidly than previously expected this year as Saudi Arabia and other OPEC+ members unwind output cuts, the International Energy Agency (IEA) said on Thursday, despite a ...

The developing relationship between OPEC+ and BRICS is significantly reshaping the global energy landscape. The coinciding ...

Saudi Arabia is the only country with room to add barrels back to the market based on current production levels ... Exporting Countries (OPEC) trimmed its forecast for oil supply growth from ...

Trump loves cheap oil and high-dollar deals. His trip to Saudi Arabia is putting the two on a collision course.

Muhammad bin Salman, the crown prince and de facto ruler, often known as MBS, has been trying for a decade to ease Saudi ...

The consideration is to enable a better understanding of near-term developments,” Cardoso stated, noting that recent ...

The recent changes highlight the dynamic nature of ... Global market trends, driven by OPEC oil production strategies and efforts to stabilize compliance among member countries, continue to ...

Behind OPEC+'s plan to ramp up oil output and punish over-producing allies, group leaders Saudi Arabia and Russia are pushing ...

OPEC+ output hikes, however, also come as the best quality shale areas in the biggest U.S. oilfield, the Permian, have been ...

"At the same time, OPEC revised its forecast for non-OPEC+ supply downwards. The lower price level is obviously playing a role here, which is slowing down the expansion of US Oil production.

Despite slower growth, OPEC expects global oil demand to rise by 1.3 million bpd in both 2025 and 2026, unchanged from its previous forecast. India's oil demand is expected to grow at the fastest ...