OPEC+ members will undergo an annual assessment of their oil production capacity starting next year for use in 2027, OPEC+ ...

Iranian drones swept through the mountain air of northern Iraq's Kurdistan region in mid-July, homing in on their targets: ...

"Wars are not fought with weapons, but with knowledge and understanding."—Ferdowsi, Persian poet and writer In the midst of ...

While global focus has shifted to other crises, Iran has rapidly and aggressively been accelerating its ballistic missile ...

The new MSC mechanism for setting output baselines from 2027 looks set to spur investment via a more equitable and ...

Iraq is the second-biggest producer in the Organization of Petroleum Exporting Countries, which Trump has regularly ...

OPEC+ has revised production quotas, favouring low-cost producers while Nigeria faces higher costs and investment challenges.

Iranian manufacturers are increasingly turning to exports of raw and semi-processed goods as domestic demand falters, ...

Many Iranians point to mismanagement and corruption as the root of the economy’s difficulties. In front of billboards urging ...

Oil demand has been rising. But supply is rising more than twice as fast, and it is starting to overwhelm the market.

A key player in the oil industry and central to producer-consumer relations, the Organization of the Petroleum Exporting Countries (OPEC) was formed by major oil exporters to stabilize prices and ...