The world faces a record glut of oil next year as a Saudi-led cartel ramps up production – just as global demand slumps.

OPEC on Tuesday raised its global oil demand forecast for next year and trimmed its estimate for growth in supply from the ...

Nigeria's oil production exceeded 1.5 mbpd in July, surpassing its OPEC quota for the second consecutive month, solidifying ...

OPEC raised its expectations for global oil demand growth next year and lowered the supply growth forecast for producers ...

The raised forecast comes as the global economy was now projected to grow 3% this year, up from 2.9% previously.

World oil supply will rise more rapidly than expected this year and next as OPEC+ members further increase output and supply ...

Despite some short-term supportive factors for the market, oil prices continue to edge lower ahead of Friday’s Trump-Putin ...

OPEC report showed that Nigeria retained its position as the largest oil producer in Africa, surpassing Algeria, which ...

Oil prices edged lower on Wednesday after the IEA noted supply overtaking demand this year, while investors awaited Friday's ...

OPEC+ producers raised their combined crude oil production in July by less than planned, with Saudi Arabia's supply data ...

Opec forecast a tighter global oil market than previously projected, citing accelerating demand growth and a slower expansion ...

Eight producers, led by Saudi Arabia, will continue boosting production despite forecasts that supply will soon exceed demand ...