Crude oil prices fell by the most in a month Wednesday, pressured by mounting concerns of an oversupplied global market after OPEC said it now expects a balanced market in 2026, altering its earlier ...

Iran’s crude oil production edged down marginally in December 2025 even as overall output by the Organization of the Petroleum Exporting Countries (OPEC) increased, according to the group’s latest ...

Nigeria’s average crude oil production rose marginally to 1.401 million barrels per day in October 2025, according to the Organisation of Petroleum Exporting Countries Monthly Oil Market Report ...

Crude oil prices across Organization of the Petroleum Exporting Countries (OPEC)-linked grades declined in December 2025 as global market conditions tilted decisively ...

OPEC on Monday raised its medium- and long-term forecasts for global oil demand. Stream Los Angeles News for free, 24/7, wherever you are. The oil producer group said the crude sector would require a ...

OPEC, together with its allies, is increasing oil production and anticipates "very strong" demand in the third quarter, with a tight supply-demand balance expected in the months ahead, the group's ...

LONDON, Jan 14 (Reuters) - OPEC on Wednesday said world oil demand would rise at a similar pace in 2027 as this year and published data indicating a near balance between supply and demand in 2026, ...

OPINION: Opec's latest World Oil Outlook offers reassurance to the hydrocarbon sector. The report acknowledges that the industry faces a nasty jolt from the Covid-19 pandemic, but predicts a quick ...

A group of some of the world's most powerful oil producers on Wednesday agreed to impose deep output cuts, seeking to spur a recovery in crude prices despite calls from the U.S. to pump more to help ...

(RTTNews) - Crude oil went for a freefall on Wednesday as investors dissected OPEC's monthly report and contrasted it with the International Energy Agency's recent forecast on demand and supply. WTI ...

MOSCOW, Jan 14 (Reuters) - Russian oil production dipped around 0.7% last year to 9.129 million barrels per day, OPEC monthly data showed on Wednesday. Russia has managed to keep broadly steady its ...