June’s MoM production increased by 595 kb/d to 45,174 kb/d for these eleven Non-OPEC countries, while as a whole, the ...

Surplus supplies of crude oil in global markets will reach about 4 million barrels per day in 2026 as both OPEC+ and other ...

The world oil market faces an even bigger surplus next year of as much as 4 million barrels per day as OPEC+ producers and ...

A group of countries in the OPEC+ alliance has agreed to a small boost in oil production, citing a steady global economic ...

Brazil is on track to become a top-five global oil producer as Petrobras and Big Oil pour billions into ultra-deepwater pre-salt projects, driving record output and attracting record investment.

Saudi Arabia, Russia and six other key members of the OPEC+ alliance are likely to agree to raise crude output when they meet ...

EIA's October outlook cuts WTI to $49 in 2026, keeps U.S. oil at 13.5M b/d, and sees Henry Hub at $4.10 while non-OPEC+ ...

Saudi Arabia, the de facto leader of the oil cartel, sees advantages in increasing output despite market risks.

In a show of confidence in the market, the group, led by Saudi Arabia, said it would begin unwinding a further set of agreed cuts. By Stanley Reed Oil prices rose strongly on Monday even though a ...

Discover how OPEC+ decision to boost oil production will lower fuel prices in the Gulf region, benefiting commuters and ...

Oil prices are unsatisfactory for producers... that much is certain. Currently trading at $63 per barrel, prices are down $3 ...

The International Monetary Fund upgraded its 2025 economic growth forecast for Saudi Arabia on Tuesday due to a ...