News

OPEC on Tuesday raised its global oil demand forecast for next year and trimmed its estimate for growth in supply from the ...
The raised forecast comes as the global economy was now projected to grow 3% this year, up from 2.9% previously.
OPEC raised its expectations for global oil demand growth next year and lowered the supply growth forecast for producers ...
OPEC's oil output rose further in July after an OPEC+ agreement to raise production, a Reuters survey found on Friday, ...
Global oil demand is set to grow by 1.38 million barrels per day (bpd) in 2026, OPEC said on Tuesday as it raised its ...
The sluggish demand clashes with a surge of production from Opec. The IEA said Opec’s push to boost global oil supply would ...
OPEC+ producers raised their combined crude oil production in July by less than planned, with Saudi Arabia's supply data ...
Eight producers, led by Saudi Arabia, will continue boosting production despite forecasts that supply will soon exceed demand ...
Opec forecast a tighter global oil market than previously projected, citing accelerating demand growth and a slower expansion ...
Despite some short-term supportive factors for the market, oil prices continue to edge lower ahead of Friday’s Trump-Putin ...
Nigeria's average daily crude oil production rose to 1.507 million barrels per day (bpd) in July 2025.According to the Organization of the Petroleum Exporting Countries' (OPEC) latest Monthly Oil ...