A supply glut tends to reduce prices, which could prove challenging for President-elect Trump’s plan to boost U.S. oil ...

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

On Tuesday, the Organization of the Petroleum Exporting Countries cut its global oil demand growth forecast to 1.82 million bpd in 2024, down from 1.93 million bpd forecast last month, on weak demand ...

OPEC lowered its forecast for global oil demand growth for 2024 and 2025 on Tuesday, highlighting weakness in China, India and other regions, making the producer group’s fourth consecutive downward ...

OPEC+ reduced its oil production by 283,000 barrels per day in October, causing the alliance’s supply to fall short of its ...

ExxonMobil CEO Darren Woods said there's not much opportunity for the oil industry to increase production in the short term.

OPEC lowered its global oil demand growth outlook for 2024 and 2025 for the fourth consecutive month, citing a decline in ...

OPEC cut its forecast for global oil demand growth this year and next on Tuesday, highlighting weakness in China, India and ...

Russia's crude oil output edged up in October by 9,000 barrels per day (bpd) to about 9.01 million bpd, the Organization of ...

In Opec’s latest monthly report the group cut its forecast for China’s oil demand growth to 580,000 bpd, down from a peak ...

"There are other people willing to supply at the same competitive rate because the OPEC position is they don't deal with ...

Professor Benedict Okey Oramah, President and Chairman of the Board of Directors at African Export-Import Bank (Afreximbank) ...