The focus of this post is an overview of World oil production along with a more detailed review of the top 11 Non-OPEC ...

OPEC, together with its allies, is increasing oil production and anticipates "very strong" demand in the third quarter, with ...

The oil cartel OPEC will soon be old enough to retire, but will oil be phased out as the world embraces the green revolution?

Doomsday scenarios about peaking demand or an Asian market implosion are driving current bearish oil views. While OPEC has raised production ceilings—137,000 bpd in April, 411,000 bpd in May and June, ...

The increase, which the group said was a response to “a steady global economic outlook,” was higher than some analysts ...

Global oil production fell by 1% in 2024 while demand continued to grow, widening the supply gap, OPEC reported.

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Saudi Arabia's drive to rapidly increase OPEC+ oil output may put Riyadh in the pole position to regain market share today ...

The eight OPEC+ nations on Saturday agreed to increase their crude oil production by 548,000 barrels per day starting in ...

Saudi Arabia is asking the companies that OPEC uses for independent analysis of oil-production levels to submit a lower ...

The Organization of Petroleum Exporting Countries (OPEC) continues to boost oil production, with more than 500,000 additional ...

OPEC cut its global oil demand forecasts for the next four years on Thursday as Chinese growth slows, even as it lifted its ...