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 ...

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 ...

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

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

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

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

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

The OPEC Fund announced some US$720 million in new financing to support development efforts across Africa, Asia, Latin ...