Reducing news to hard lines and side-taking leaves a lot of the story untold. Progress comes from challenging what we hear ...

For the second consecutive month, OPEC slightly cut its forecast for 2024 global crude oil demand in its September Oil Market Report published Tuesday. The cartel had held firm to its initial 2024 ...

Rising oil production in the US, Guyana, and Brazil is challenging OPEC's ability to reverse its output cuts. The EIA forecasts that global oil supply will fall short of demand in the second half ...

But there's no guarantee that an oil market well-supplied with crude from non-OPEC producers, led by the United States, Brazil, Guyana and Canada, will have room for more OPEC+ barrels in December ...

LONDON (Reuters) - OPEC on Tuesday cut its forecast for global oil demand growth in 2024 reflecting data received so far this year and also trimmed its expectation for next year, marking the producer ...

OPEC on Tuesday cut its forecast for global oil demand growth in 2024, reflecting data received so far this year and also trimmed its expectation for next year, marking the producer group’s ...

LONDON, Aug 22 (Reuters) - In the next few weeks, Saudi Arabia and its OPEC⁺ allies must take a delicate decision about whether to proceed with planned production increases from October ...

“Everybody would agree that non-OPEC supply is strong enough to create a surplus in the market. And holding back supply now to keep prices up encourages that, of course.” The math for crude ...

India wants oil producers group OPEC and its allies to raise oil output as there are countries such as India where fuel demand is rising, the nation's oil secretary Pankaj Jain said on Thursday.

On September 14, 1960, the Organization of the Petroleum Exporting Countries (OPEC) was formed. The founding members were Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela. At the time, the global oil ...

REUTERS/Alexander Manzyuk/File Photo LONDON, Sept 10 (Reuters) – OPEC on Tuesday cut its forecast for global oil demand growth in 2024 reflecting data received so far this year and also trimmed ...