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

According to OPEC’s first report of 2025, Iran maintained its position as the organization’s third-largest oil producer 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, ...

OPEC's share in India's crude oil imports edged up in 2024, rising for the first time in nine years, while top supplier ...

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

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 ...

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.

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

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