Minister of Oil Al-Roumi reaffirmed on Saturday Kuwait’s full support for OPEC+ efforts aimed at enhancing the stability of ...

Opec+ nations are set to increase oil production amidst internal quota struggles and rising competition from alternative ...

An eight-nation subset of the oil-producing OPEC+ alliance agreed to lift production by a larger-than-expected 548,000 ...

MIAMI -- Tropical Storm Chantal formed off the southeast U.S. coast and was forecast Saturday to bring heavy rain to parts of the Carolinas. Tropical storm warnings were issued for portions of the two ...

In total, Indonesia has some 4500 idle wells with reactivation potential – 4200 of which are under Pertamina’s management. Of ...

OPEC+ nations, led by Saudi Arabia and Russia, will boost crude output by 548,000 barrels per day in August. This decision ...

Eight members of the OPEC+ alliance of oil exporting countries say they will boost production by 548,000 barrels per day in ...

Opec+ has since decided to continue with more than planned hikes. “The announced increase in production since May of this year is three times higher than the alliance’s initial plan.

Steps taken by the OPEC+ group to boost oil supplies have proved astute, given developments in the Middle East conflict, according to Rosneft PJSC Chief Executive Officer Igor Sechin.

Russian President Vladimir Putin said on Friday that oil prices had not risen significantly due to the conflict between Iran and Israel, and that there was no need for the OPEC+ group of oil ...

The OPEC Fund is working across regions to enable tangible, lasting improvements of people’s lives.” The latest approved projects include: Public Sector Operations Argentina: A US$25 million loan will ...

The OPEC forecast for annual change in US tight oil output has been revised from last month’s MOMR, with 2024 higher by 10 kb/d, 2025 is 34 kb/d lower, and 2026 is 73 kb/d lower.