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Global oil production fell by 1% in 2024 while demand continued to grow, widening the supply gap, OPEC reported.
Oil prices dipped on Thursday as analysts weighed the implications of the U.S. tariffs set to be imposed only July 9, as well as the likelihood of the Organization of the Petroleum Exporting Countries ...
Saudi Arabia's oil exports jumped to the highest level in more than a year in June as the kingdom shipped more crude to ...
The EIA revealed on Tuesday that the United States imported over 30 million barrels of crude oil from OPEC countries in May.
Oil markets are now refocused on OPEC production as the geopolitical concerns dim somewhat following the Iran-Israel ...
The Organisation of the Petroleum Exporting Countries (OPEC) has projected a 23 million barrels per day oil supply shortfall by 2023 without upstream investments of up to $17.4 trillion. It said the ...
OPEC said on Monday it expected the global economy to remain resilient in the second half of this year and trimmed its forecast for growth in oil supply from the United States and other producers ...
Iran-Israel conflict drives Brent crude to 5-month highs as traders price in rising OPEC route risks and potential U.S. military involvement.
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