The OPEC basket crude oil prices advanced on a monthly basis in November and December 2024, after declining three times in ...

In December, the OPEC Reference Basket (ORB) rose by nine cents, or 0.1 percent, m-o-m, to average USD 73.07/b, according to OPEC Monthly Oil Market Report January 2025 ...

The price of OPEC basket of fourteen crudes stood at US$63.95 a barrel on Tuesday, 2nd July, compared with US$65.71 the previous day, according to OPEC Secretariat calculations. The fourteen crudes, ...

Oil prices climbed about 2% to a four-month high on Monday on expectations that wider U.S. sanctions on Russian oil would ...

OPEC has reiterated its earlier forecast that global oil demand will expand at a robust clip at 1.4 mb/d in 2025, largely ...

OPEC forecast on Wednesday world oil demand in 2026 will rise at a similar rate to this year, while reducing its figure for ...

IEA revises 2025 global oil demand outlook to 1.05 million barrels per day, citing economic recovery and lower fuel prices. OPEC projects higher growth.

The Vienna-based cartel retained its oil demand forecast for this year after a series of cuts and projected broadly stable ...

"With OPEC kicking the can into 2025, we remain cautious on medium term oil prices," the analysts said in a Friday note, adding that they don't see any way the production hike could happen without ...

Commercial crude stockpiles in the US posted a bigger draw than projected last week, government data showed Wednesday, while oil prices rallied as markets evaluated two other oil market reports.

Oil futures were up modestly Wednesday, finding support after snapping a three-day winning streak that had been driven in part by wider U.S. sanctions on Russia as well as cold weather in much of the ...