Output for June 2024 was revised lower by 27 kb/d and July 2024 output was revised lower by 28 kb/d compared to last month’s ...

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The oil-producers group meets in December. Analysts want to know if it will cut or raise production. But more vexing ...

Oil prices declined due to perceived global economic slowdown and conflicting supply/demand forecasts from EIA, IEA, and OPEC ...

The OPEC+ cartel has responded to weakening demand for oil by delaying restoring production that it had cut previously to ...

OPEC on Tuesday cut its forecast for global oil demand growth in 2024 reflecting data received so far this year and also ...

OPEC argues that taxes on gasoline are a bigger contributor to high gas prices than the price of crude oil itself.

Few institutions hold as much influence over the ever-evolving and volatile landscape of global energy as the Organization of ...

However, OPEC Secretary General Haitham Al Ghais has illuminated a more complex issue, revealing that government taxation is ...

U.S. and international crude oil futures skidded to their lowest levels in more than a year after the influential oil ...

OPEC's continued influence on US oil markets persists despite the U.S. being the world's leading oil producer.

For the second consecutive month, OPEC slightly cut its forecast for 2024 global crude oil demand in its September Oil Market ...