The oil cartel aims to stabilize prices in a changing geopolitical environment. Oil producers in the OPEC+ group this weekend ...

The major oil producers known as OPEC+ unwound previous output cuts faster than expected this year — increasing quotas at a ...

OPEC+ left early-2025 production targets unchanged but approved a major new mechanism to reassess each member's maximum ...

Canadian crude prices have fallen to their weakest relative to the US benchmark since March as surging production from ...

US-Venezuela tensions risk oil supply, pushing heavy crude prices higher, especially in the Pacific Basin, as exports pivot ...

Global oil consumption reached an all-time high in 2024, driven primarily by non-OECD countries, with the U.S. remaining the largest consumer. The U.S. continues to lead the world in total oil ...

The focus of this post is an overview of World oil production along with a more detailed review of the top 11 Non-OPEC oil-producing countries. The World’s May oil production decreased by 6 kb/d to 83 ...

Global oil demand and exports surged in September, but rising supply and a massive inventory buildup are weighing on prices, which are expected to drop further amid fears of a market surplus.

OPEC+ will stick with plans to pause its collective crude oil production increases during the first quarter of 2026.

Changes OPEC+ is making to its oil production quota system will likely spark a wave of upstream investments among members, ...

Major oil producers meet this weekend to decide on August production levels Bearish oil traders foresee a world soon to be awash in crude, but it might be a lot harder to oversupply the market than ...

Global oil inventories are expected to rise through 2026, putting downward pressure on prices. China’s stockpiling has helped limit price declines, even as global supply increases. US crude oil ...