ASTANA – Kazakhstan remains committed to its obligations under the OPEC+ agreement and is not considering leaving the alliance, said Prime Minister Olzhas Bektenov during a July 15 briefing with ...

Oil prices steadied on Wednesday, as signs of stronger Chinese crude consumption were outweighed by investor caution about ...

Organization of Petroleum Exporting Countries or OPEC stated in a latest monthly update that in May, Indias oil demand expanded by 110 thousand barrels per day (tb/d), y-o-y, up from an increase of 21 ...

Nigeria is opening conversation with the Organisation of Petroleum Exporting Countries (OPEC), seeking production capacity of 2.4 million barrels per day (bpd).

The average daily crude production of Nigeria increased above the quota allocated to it by the Organisation of the Petroleum ...

According to OPEC’s data, this is the first time the country’s production output would meet the 1.5mb/d cuts quota in years. Nigeria’s output had hovered at 1.1mb/d in 2023, 1.3mb/d in 2024, and then ...

The oil market continued to edge lower yesterday, with a stronger US dollar providing some headwinds. OPEC reported no change ...

Oil prices rose on Wednesday, boosted by expectations of firm summer demand in the world's two largest consumers, the United ...

OPEC says oil prices rebounded strongly in June following months of pressure from seasonal demand lulls and growing refinery ...

The Dow fell 436 points. Nvidia rallied on easing export restrictions. New data reflect that the president's tariff and immigration policies are boosting inflation and weighing on jobs ...

The energy major warned that lower oil and gas sales could drag on its results, though upstream production is expected to rise quarter-on-quarter. Supply is set to rise three times faster than demand ...

The data also showed that China's crude oil throughput in June jumped 8.5% from a year earlier, indicating stronger fuel ...