On the other hand, the share of oil in India’s primary energy demand is expected to hit 31.1 per cent by 2050 from 25.6 per ...

OPEC+ oil producers are set to approve another big output boost for September as they complete both the unwinding of voluntary production cuts by eight members and the United Arab Emirates’ move to a ...

The markets have shrugged off the weekend announcement by OPEC+ that it will increase output again, said Mukesh Sahdev, chief oil analyst with Rystad Energy, in a market update. He wrote that the ...

Saudi Arabia reportedly overshot its June oil production quota by 700,000 barrels per day, raising questions about OPEC+ ...

OPEC+ increases oil output amid falling prices and inflation relief, raising concerns over climate targets and green energy ...

Oil prices rose on Friday, following US President Donald Trump's announcement of an upcoming statement concerning Russia, ...

It is all change at NNPC, says new CEO Bashir Bayo Ojulari, with the Nigerian state oil firm working on a multifront ...

Oil is expected to hold nearly 30% of the energy mix, while combined with gas it will stay above 50% through the period. "Oil underpins the global economy and is central to our daily lives," OPEC said ...

VIENNA, July 10. /TASS/. OPEC+ nations are projected to increase their oil supply by 15 mln barrels per day (bpd) by 2050 compared to 2024 levels, reaching 64.1 mln bpd, while expanding their share of ...

Energy ministers talked through production capacity, investment and the green transition at this week’s OPEC conference in ...

According to OPEC’s forecast, US oil production is projected to reach 23.1 mln bpd by 2030, compared with 21.8 mln bpd in 2024. Shale oil and tight oil output are expected to increase to 16.5 mln bpd ...

OPEC is sticking to its guns while everyone else is screaming climate emergency. The cartel now says global oil demand will hit 123 million barrels a day by ...