The raised forecast comes as the global economy was now projected to grow 3% this year, up from 2.9% previously.

Global appetite for oil is set to keep climbing over the next two years, according to OPEC’s August oil market report, which ...

OPEC on Tuesday raised its global oil demand forecast for next year and trimmed its estimate for growth in supply from the ...

Geopolitical tensions, such as U.S. pressure on countries like India to stop buying Russian oil, could lead to further ...

Global oil demand is set to grow by 1.38 million barrels per day (bpd) in 2026, OPEC said on Tuesday as it raised its ...

Eight producers, led by Saudi Arabia, will continue boosting production despite forecasts that supply will soon exceed demand ...

U.S. shale producers are cutting rigs, slashing budgets, and pulling back hard as cheap oil from OPEC pushes prices deep ...

Optimistic over Angola’s untapped gas potential, Azule Energy is considering another gas exploration well after leading the ...

OPEC raised its expectations for global oil demand growth next year and lowered the supply growth forecast for producers ...

"However, OPEC's demand forecast is very optimistic, with expected increases of 1.3 million and 1.4 million barrels per day ...

A group of countries that are part of the oil cartel OPEC+ have agreed to boost oil production, which some believe could ...

Oil supply from countries outside the Declaration of Cooperation - the formal name for OPEC+ - will rise by about 630,000 ...