OPEC

The Organization of the Petroleum Exporting Countries (OPEC+) expressed excitement about the prospect of Namibia…

Oil saw a slight decline, with attention focused on Israel's potential response to Iran's recent attack over the…

Oil dropped on Monday following rising tension between Iran and Israel, causing limited damage and minimal…

Oil retreated from a five-month peak following Israel's announcement of troop withdrawal from Gaza, with traders…

Oil surged to approach a five-month peak following OPEC+'s decision to uphold current production cuts until the end…

OPEC+ ministers kept output policy unchanged due to the oil market aligning with the group's preferences,…

Asian shares are up today, with the Nikkei rising 1.6 per cent and the yen weakening against major currencies.

Bank of America's (BofA) Global Research has revised its 2024 Brent and WTI oil price forecasts, citing heightened…

UAE's Upper Zakum crude exports dropped significantly as Abu Dhabi National Oil Company (ADNOC) prioritised…

Oil declined on Wednesday due to reports of a surge in crude stockpiles in the US, and indications that major…

Iraq's oil ministry said that foreign firms in Iraqi Kurdistan responsible of the delay in resuming crude exports…

The International Energy Agency (IEA) reported that this year’s oil demand growth will likely hit 1.3 million…

Expected strong global demand pushed oil prices up, notably in the United States despite ongoing concerns about its…

Oil prices saw a marginal increase, with Brent futures nearing $83 a barrel and West Texas Intermediate crude…

Oil fell on Monday due to concerns about sluggish demand in China, despite geopolitical tensions in the Middle East…

Aramco, the Saudi oil giant, announced on Sunday a $121 billion profit in 2023, down from its record high of $161…

The Organisation of the Petroleum Exporting Countries (OPEC) is poised to win a bigger share of India's oil imports…

Gulf stock markets were muted in early Tuesday trading due to declining oil prices as China’s economic reforms…

Oil prices fell on Thursday due to concerns about slow demand and the possibility of elevated US interest rates,…

Russia imposed a six-month gasoline export ban starting on March 1 to stabilise prices due to increased demand from…

Oil continued its decline after experiencing a weekly drop, as traders awaited new indications regarding global…

The oil tanker industry’s old warnings about a shortage of new ships are now impacting the market due to Houthi…

Oil prices rose in Asian trade on Wednesday due to concerns about attacks on shipping in the Red Sea and…

Oil prices fell on Thursday, following a greater-than-expected increase in U.S. crude inventories, which raised…

Oil prices increased slightly as traders anticipated the Organization of the Petroleum Exporting Countries' (OPEC+)…

Iraq is committed to producing no more than 4 million bpd following the announcement of its second voluntary cut in…

Saudi Arabia's overall merchandise exports declined by 15.6 per cent in November 2023 to 95 billion Saudi riyals,…

Saudi Aramco, the state oil behemoth, is currently negotiating investment opportunities with Indian firms, as…

Oil prices rose slightly on Thursday after OPEC+ sources said that the producer group's meeting left production…

Nigeria has drastically devalued its currency for the second time in eight months, to streamline its convoluted…

Saudi Aramco said on Tuesday it was directed to lower its planned maximum sustainable oil production capacity from…

The International Energy Agency (IEA) revised up its estimate of the growth in oil demand in 2024 on Thursday.

The global oil demand growth is expected to see a robust increase of 1.8 million barrels a day (mb/d) in 2025,…

Oil prices fell by more than 1 per cent on early Monday trade, with Brent Crude falling by 1.24 per cent or 0.95…

Angola is leaving the Organization of the Petroleum Exporting Countries (OPEC) as membership is not serving its…

The 12-year-old climate activist, Licypriya Kangujam, interrupted a speech on Monday during a COP28 , by holding a…

The COP28 was rapidly approaching an extended schedule on Tuesday as negotiators anticipated a new draft agreement…

OPEC faced backlash on Saturday, during the COP28 in Dubai, after the Kuwaiti secretary general sent a letter…

At the COP28 summit in Dubai, Organisation of the Petroleum Exporting Countries (OPEC) Secretary-General Haitham…

Russia’s President Vladimir Putin will travel to the UAE and Saudi Arabia this week to hold “extremely important”…