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

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

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 ...

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

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

The cartel trimmed next year’s forecast for supply growth from the U.S. and other rivals while keeping its oil demand ...

Dar es Salaam. The East African Development Bank (EADB) has signed a $40 million (approximately Sh105.7 billion) loan agreement with the OPEC Fund for International Development to boost small and ...

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

Analysts said OPEC might not see any urgency to shift policy, as the surge in prices was driven by a rising risk premium ...

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

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

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