Oil markets are facing a supply glut, with non-OPEC producers on track expand production by 1.5 million barrels of oil a day, ...

World oil production increased by 406 kb/d in July to 81,591 kb/d. For December 2025, production is expected to be 84,634 ...

0116 GMT – Oil prices are mixed in early Asian trade. Market sentiment is likely weighed after OPEC cut its demand forecasts, Westpac senior economist Pat Bustamante writes in a note. In its monthly ...

However, revised projections from OPEC reflect a slowdown in oil demand growth, particularly due to economic uncertainty in ...

TASS/. OPEC+ countries slashed oil production by 283,000 barrels per day (bpd) in October 2024 and were producing below the target by 154,000 bpd, the OPEC said in its November report. The OPEC+ ...

WTI oil has an American Petroleum Institute gravity of 39.6 degrees, considered “light.” WTI also has a sulfur content of just 0.24%, making it very “sweet.” WTI crude oil is typically the benchmark ...

OPEC cut its forecast for global oil demand growth in 2024 and lowered its projection for next year on Tuesday, highlighting ...

OPEC's oil production increased in October due to Libya's return to full capacity, offsetting declines from other members.

OPEC cut its oil demand growth forecasts for this year and next for a fourth consecutive month as it belatedly recognized a ...

The group's overall crude production was 40.58 million b/d, up 140,000 b/d versus September, largely buoyed by a rebound in ...

Referencing our balance sheet on the upper right hand chart, we have nearly ... which has yet to be factored into oil demand ...

Oil had risen in recent sessions after reports said the cartel was considering such a move, due to pressure on oil prices ...