IEA projects global oil supply to exceed demand by 1 million b/d in 2025 due to trade tensions and OPEC+ cuts.

LONDON (Reuters) - OPEC+ has exported a record amount of refined products, blunting the impact of the group's crude output ...

Others, like the United Arab Emirates and Gabon, are also producing slightly above their assigned quotas. This has caused an ...

OPEC criticizes the IEA's inconsistent messages regarding oil and gas investment, highlighting a recent "U-turn" from ...

World oil demand is now expected to rise by 1.03 million bpd in 2025, the IEA said on Thursday, down 70,000 bpd from last ...

The country has experienced fluctuating oil production due to internal strife since the fall of Muammar Gaddafi in 2011.

Organization of Petroleum Exporting Countries or OPEC stated in a latest monthly report that India's crude imports began the year averaging 4.9 mb/d. This represents an increase of 154 tb/d, or over 3 ...

Oil prices declined today, March 13, after logging their highest close in two weeks yesterday, amid concerns about the impact ...

THE execution of Nigeria’s 2025 N54.99 trillion budget appears to be facing more challenges as the main source of funding, ...

Kazakhstan reaffirmed its commitment to adjusting its oil production to align with its agreed OPEC+ quota, following an overproduction ...

A lower-than-expected increase in US crude oil inventories supported the market, while better-than-expected US consumer price ...