The Organisation of the Petroleum Exporting Countries has sent a new challenge for Nigeria government to achieve crude oil production of 4 million barrels per day.

Oil futures fell, giving up gains of previous sessions that were fueled by near-term supply concerns and expectations that OPEC+ may put off returning barrels to the market in April as planned.

Brazil’s government on Tuesday approved joining OPEC+, a group of major oil-exporting nations, signaling the country’s ...

OPEC on Wednesday stuck to its forecast for relatively strong growth in global oil demand in 2025, saying air and road travel ...

With growing competition from non-OPEC producers, the group may need to reassess its production strategy to avoid further ...

OPEC has rejected U.S. calls for increased oil production, stating that the cartel's decisions are based on market ...

President Trump's push for lower energy costs by increasing oil production may inadvertently raise prices, experts caution.

Flows of crude oil through a pipeline from the semi-autonomous Kurdistan region in northern Iraq to Turkey could restart soon after an almost two-year shutdown.

Trump cannot command US oil to "drill baby, drill" as they will act in their own self interest. Likely, US oil will verbally ...

Tough US sanctions on Russian oil are allowing the biggest Middle Eastern producers to raise prices for their main market by ...

Brazil’s government on Tuesday approved joining OPEC+, a group of major oil-exporting nations, signaling the country's ...

Brazil’s government on Tuesday approved joining OPEC+, a group of major oil-exporting nations, signaling the country’s ...