OPEC on Tuesday raised its global oil demand forecast for next year and trimmed its estimate for growth in supply from the ...

The large increase in refining capacity has created a pricing conundrum thanks to Middle East petroleum products now reaching ...

The raised forecast comes as the global economy was now projected to grow 3% this year, up from 2.9% previously.

Angola’s oil production fell below 1 million barrels per day in July, missing government forecasts and highlighting ongoing ...

Saudi Arabia's crude oil exports slipped in June to their lowest level in three months, according to data from the Joint ...

Senator Heineken Lokpobiri, has assured that Nigeria remains fully committed to the rules of the Organisation of Petroleum Exporting Countries despite recent gains in crude oil output.Lokpobiri said ...

Fears of a massive non-dom exodus from the UK have been allayed by initial tax data, and UK companies in China are being ...

OPEC was formed by five petroleum-rich countries in 1960. At the time, the global oil market was dominated by a group of multinational, Anglo-American companies known as the “Seven Sisters.” ...

Oil Prices Hold Above Key Moving Averages as Traders Focus on OPEC+ and Supply Flows Crude oil futures eased Friday but remained technically supported, with prices settling above both the 50- and ...

Oil supply from countries outside the Declaration of Cooperation - the formal name for OPEC+ - will rise by about 630,000 ...