OPEC+ sees 3.1% global growth in ’24, oil demand up 1.6 mb/d
The Organization of the Petroleum Exporting Countries (OPEC+) has maintained a solid global economic outlook, with…
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Organization of the Petroleum Exporting Countries (OPEC)
OPEC+ revises ’24 oil demand, supply forecasts
The Organization of the Petroleum Exporting Countries (OPEC+) has slightly revised its 2024 global oil demand…
India’s Russian oil imports surge in April
India experienced a notable surge in its imports of Russian oil in April, reaching a nine-month peak.
Iraq remains committed to OPEC+ output cuts – minister
Iraq's commitment to the voluntary oil production cuts, as established by the Organization of the Petroleum…
Nigeria opens oil blocks for intl. investment
Nigeria has extended an invitation to international investors possessing both financial prowess and technical…
Oil drops in early Wednesday trade
Oil dropped to nearly their lowest level since mid-March, as attention turned to a somewhat bearish report on US…
Saudi Aramco requested to cut max capacity target back to 12 mbpd
Saudi Aramco said on Tuesday it was directed to lower its planned maximum sustainable oil production capacity from…
Angola is leaving OPEC over output cut disagreement
Angola is leaving the Organization of the Petroleum Exporting Countries (OPEC) as membership is not serving its…
OPEC+ panel keeps oil output policy unchanged
The OPEC+ ministerial panel met on Friday and decided to keep its current oil production policies unchanged.
Kuwait to issue new port tender next week
Kuwait, the OPEC producer, is set to issue a new port tender next Tuesday and has invited companies for a meeting…