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 ...

OPEC's share of India's oil imports rose for the first time in nine years, signaling a shift in the country's sourcing ...

Share of Opec in India's 2024 crude imports rose to nearly 51.5 per cent, up from 49.6 per cent in 2023, while Russia's share ...

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 ...

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

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

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

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 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 ...