OPEC

OPEC+ has revised its oil demand forecast for 2024, lowering it by 135 thousand barrels per day (tb/d) to 2.1…

Oil prices remained steady after their first weekly gain since early July, with the market anticipating Iran’s…

Saudi Arabia's state oil producer Aramco reported a 3.4 per cent decline in second-quarter net income on Tuesday.

Saudi Arabia has increased the September price of Arab Light crude for Asia by $0.20 a barrel, the first rise in…

Asia's crude oil imports fell to their lowest level in two years in July, driven by weak demand in China and a…

Oil prices rose after a nearly 3 per cent drop on Friday, influenced by President Joe Biden's decision not to seek…

OPEC+ global oil demand growth for 2024 remains stable at 2.2 mb/d, with expectations of a 1.8 mb/d increase in…

Oil prices stabilised on Wednesday after initial gains driven by data showing a larger-than-expected decline in US…

Oil prices went up to a two-month high, driven by rising Middle East tensions and the onset of the Atlantic…

Oil prices surged as industry data indicated a decrease in US crude stockpiles before an IEA report on market…

Oil saw its largest surge since March, ahead of an impending OPEC+ report offering market insights.

China's imports of key commodities in May were mixed, with some sectors weak and others showing signs of strength.

OPEC+ ministers stood firm against oil's bearish reaction to their decision to gradually increase crude production…

Oil prices rose for a second consecutive session despite Saudi Arabia signalling demand concerns by cutting its…

Oil hovered near a four-month low following an industry report indicating a rise in US crude stockpiles,…

Oil prices fluctuated after OPEC+ announced a plan to gradually restore production from October, despite demand…

Asian stocks rose on Monday as investors anticipated central banks in Europe and possibly Canada lowering interest…

Saudi Arabia's Aramco share offering surpassed initial targets, potentially raising up to $13.1 billion and testing…

OPEC+ is likely to extend voluntary oil cuts into the third and possibly fourth quarters of 2024, with some cuts…

Saudi Arabia is set to launch a secondary offering of Aramco shares, aiming to raise over $10 billion, potentially…

Oil steadied post-Wednesday's dip, with focus on US stockpile data & an upcoming OPEC+ meeting for…

Oil prices surged following another attack on a ship in the Red Sea, escalating tensions in the Middle East just…

Oil stabilised following its largest weekly decline in four weeks, as attention turned to an upcoming OPEC+ supply…

Asian stocks rose on Monday, with Taiwan hitting a record high and the Japanese yen weakening ahead of the US…

Oil declined as indicators pointed to a softer market despite heightened geopolitical tensions ahead of an OPEC+…

Saudi Arabia's crude oil exports hit a nine-month high, rising 1.5 per cent to 6.413 million barrels per day (bpd)…

Oil rose on Monday due to political turmoil in major oil-producing nations. The death of Iran's president in a…

Nigeria’s recently established Dangote mega refinery, situated near Lagos, is aiming to procure millions of barrels…

Oil went up for the second consecutive day, lifted by a decrease in US oil reserves and a broader positive…

Oil remained within a narrow trading range on Wednesday as the International Energy Agency (IEA) revised down its…

The International Energy Agency (IEA) reported a softening outlook for global oil demand growth this year,…

OPEC+ maintains oil movement forecast for 2024/2025 from last month, as per the group's monthly report released on…

Oil prices were steady on early Tuesday ahead of the release of an OPEC+ market outlook, as traders awaited signals…

Angola's President Joao Lourenco is poised to greenlight a law by June, introducing fresh incentives to foster…

Iraq's commitment to the voluntary oil production cuts, as established by the Organization of the Petroleum…

Oil dropped to nearly their lowest level since mid-March, as attention turned to a somewhat bearish report on US…

Oil partially recovered from its recent drop after a sharp decline on Wednesday driven by a significant increase in…

Oil continued to decline due to the possibility of a cease-fire in the Middle East reducing tensions

The United Arab Emirates and Ukraine have concluded talks on a bilateral trade agreement, according to Reuters…

The World Bank projects a 3 per cent decline in commodity prices for 2024 and an additional 4 per cent drop in…