OPEC+ production increased by 349,000 bpd in June, less than the planned 411,000 bpd hike. Saudi Arabia reported output above quota but said excess barrels were stored, not supplied. Iraq restrained ...

OPEC on Monday raised its medium- and long-term forecasts for global oil demand. Stream Los Angeles News for free, 24/7, wherever you are. The oil producer group said the crude sector would require a ...

The OPEC+ producers raised their combined crude oil production by 335,000 barrels per day (bpd) in July, below the 411,000 bpd output hike eight of the 22 producers have pledged for last month.

OPINION: Opec's latest World Oil Outlook offers reassurance to the hydrocarbon sector. The report acknowledges that the industry faces a nasty jolt from the Covid-19 pandemic, but predicts a quick ...

LONDON (Reuters) -Global oil supply will match demand in 2026 in a reflection of the wider OPEC+ group's production increases and higher supply from other producers, an OPEC report showed on Wednesday ...

Opec chief says calls to stop investments in new oil projects are misguided and could lead to energy and economic chaos Global oil demand is expected to continue growing strongly to 116 million ...

World oil supply is expected to closely match demand next year as the wider OPEC+ group increases production, an OPEC report showed on Monday, marking a change from last month's outlook, which ...

HOUSTON (Reuters) -Oil prices fell more than $2 a barrel on Wednesday, weighed down by an OPEC report saying global oil supply will match demand in 2026, marking a further shift from its earlier ...

The Organisation of Petroleum Exporting Countries (OPEC) yesterday forecast lower demand for its crude next year as rivals pump more. It said top oil exporter Saudi Arabia, is also eager to avoid a ...

The prominent OPEC+ oil producers' alliance is awaiting concrete central bank action on interest rates before factoring in the potential impact on the energy demand landscape, according to Saudi ...

(RTTNews) - Crude oil went for a freefall on Wednesday as investors dissected OPEC's monthly report and contrasted it with the International Energy Agency's recent forecast on demand and supply. WTI ...