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

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 ...

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

OPEC's oil output rose further in July after an OPEC+ agreement to raise production, a Reuters survey found on Friday, ...

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 ...

The world faces a record glut of oil next year as a Saudi-led cartel ramps up production – just as global demand slumps.

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.” ...

The focus of this post is an overview of World oil production along with a more detailed review of the top 11 Non-OPEC ...

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