OPEC's oil output fell in December due to lower supply from Iran and Venezuela, which offset an OPEC+ agreement to raise ...

The eight OPEC+ members - Saudi Arabia, Russia, the UAE, Kazakhstan, Kuwait, Iraq, Algeria and Oman - raised oil output ...

Vandana Hari, Founder & CEO, Vanda Insights, says OPEC+ is likely to continue unwinding its 2.2 million barrels per day production cuts, a decision driven more by internal dynamics than external ...

Output for December 2024 was revised lower by 110 kb/d and January 2025 output was revised higher by 28 kb/d compared to last month’s report. The increase in Iran and Venezuela’s crude output has been ...

Rep. Thomas Massie (R-Ky.) on Friday criticized President Trump’s threat to intervene as Iran cracks down on anti-government ...

Output for January 2025 was revised higher by 9 kb/d and February 2025 output was revised lower by 6 kb/d compared to last month’s report. OECD commercial stocks remain well below the 5-year average, ...

OPEC is pursuing a long-term strategy to increase its market share and is unwinding production cuts, with oil prices remaining strong due to factors beyond OPEC's direct control. The rise in oil ...

Israel carried out strikes on Iran on Friday, targeting its nuclear facilities, ballistic missile factories and military commanders at the start of what it warned would be a prolonged operation to ...

A Reuters survey on Monday showed OPEC oil output falling in March, driven primarily by drops in supply from Nigeria, Iran and Venezuela. OPEC pumped 26.63 million barrels per day in March, or 110,000 ...

Is the current oil price weakness the beginning of a new price war, and/or heralding a new, lower price level? To summarize, the reasons for past price crashes: 1986, oil price too high; 1998, quota ...