Geopolitics and the foreign and trade policy choices of the new U.S. administration will impact the world order and economy, and OPEC+ will have to carefully navigate through all these to remain a ...

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 ...

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

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

Brent crude futures rose $1.20 to $80.96 a barrel by 1022 GMT, while U.S. West Texas Intermediate crude was up $1.30 at ...