Others, like the United Arab Emirates and Gabon, are also producing slightly above their assigned quotas. This has caused an ...

According to the latest OPEC report, the collective output of OPEC+, which includes OPEC members, Russia and other allies, ...

Global oil demand is under pressure from the escalating trade war at the same time that OPEC+ is reviving output, threatening ...

The latest monthly oil market report by OPEC showed that Nigeria’s crude production declined from 1.54 million barrels per ...

Crude oil futures drop amid tariff war tensions, US crude inventories rise, OPEC maintains demand and supply estimates.

Global oil supply could exceed demand by around 600,000 barrels per day this year, the International Energy Agency said on ...

IEA projects global oil supply to exceed demand by 1 million b/d in 2025 due to trade tensions and OPEC+ cuts.

THE execution of Nigeria’s 2025 N54.99 trillion budget appears to be facing more challenges as the main source of funding, ...

Vienna: OPEC on Wednesday kept its forecast for relatively strong growth in global oil demand in 2025, saying air and road travel would support consumption, and reported that Kazahkstan led a jump in ...

Organization of Petroleum Exporting Countries or OPEC stated in a latest monthly report that following the slight rebound and steady growth level in 4Q24, the Indian economy is forecast to maintain an ...

Oil prices eased on Thursday after surging the day before as worries about the impact of intensifying tariff wars on global ...