Saudi Arabia is asking the companies that OPEC uses for independent analysis of oil-production levels to submit a lower ...

Venezuelan state-run PDVSA's oil sales abroad in 2024 stood at $17.52 billion, according to a results document seen by ...

The focus of this post is an overview of World oil production along with a more detailed review of the top 11 Non-OPEC ...

The world oil market may be tighter than it appears despite a supply and demand balance pointing to a surplus, the ...

BP has said lower oil and gas prices will weigh on its earnings in the second quarter, even as the energy major flagged an ...

Oil prices rose by around 1% on Friday as investors weighed a tight prompt market against a potential large surplus this year ...

The Organisation of the Petroleum Exporting Countries (OPEC) warns that the oil sector will need $10.6tn in new investments by 2040—and up to $18.2tn by 2050—to meet rising global demand and maintain ...

The Saudi Ministry of Energy reaffirmed Friday that it remained “fully compliant” with its voluntary OPEC+ target. “Marketed ...

Oil prices are under pressure, despite OPEC+ reportedly nearing the end of its supply hikes. Trump's talk of a “major” Russia ...

According to the IEA, the global oil market could be under more pressure than anticipated, even though official figures point ...

Saudi Arabia raised crude output far above its OPEC+ quota last month, joining other producers in a rush to export oil out of ...