Output for March 2025 was revised higher by 2 kb/d and April 2025 output was revised higher by 128 kb/d compared to last ...

The Gulf states are looking beyond oil and the internal combustion engine.

Russian Deputy Prime Minister Alexander Novak has discussed the situation on the global oil market with OPEC Secretary ...

The Organisation of the Petroleum Exporting Countries (Opec) said it expected the global economy to remain resilient in the ...

Goldman Sachs said markets are estimating a 65% likelihood of the U.S. intervening in the Middle East, though added there's a ...

OPEC said on Monday it expected the global economy to remain resilient in the second half of this year and trimmed its ...

Key OPEC+ nations added less oil to the market last month than the headline figure of its output plan, as the cartel’s ...

Iran is ranked third, possessing 208,600 million barrels, or 208 billion barrels. Iraq takes fourth place with 145,019 ...

The East African Development Bank (EADB) has taken a significant leap forward in fostering sustainable economic development ...

OPEC's cautious supply return strategy is being seen by many as a price war, but it aims more to balance long-term market ...

OPEC's oil output increase in May was less than planned, as some members compensated for previous overproduction, according ...

Vladimir Putin met with OPEC Secretary General Haitham Al Ghais on the sidelines of the International Economic Forum.