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

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

Yesterday both the IEA and OPEC released their monthly oil market report, ING’s commodity analyst Warren Patterson and Ewa ...

The EIA predicts lower oil prices in 2025 and 2026 due to rising production and OPEC cuts, but the recent sanctions on Russia kept oil prices from falling.

Qatari Prime Minister and Foreign Minister Mohammed bin Abdulrahman Al-Thani confirms cease-fire agreement during press ...

Occidental Petroleum is poised for long-term growth and potential outperformance in 2025 due to stricter oil sanctions. Read ...

US drivers could see lower gas prices this year and next as oil supply outpaces demand. The US will continue to ramp up ...

Oil prices fell back slightly on Thursday, a day after settling at multi-month highs on U.S. President Joe Biden's latest ...

Oil prices rose on Wednesday as supplies from Russia and OPEC members tightened, while data showing an unexpected increase in ...

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 Energy Information Administration’s (EIA) new short-term energy forecast confirms strong demand for 2025 but notes that ...