The Organisation of the Petroleum Exporting Countries (OPEC) has projected a 23 million barrels per day oil supply shortfall by 2023 without upstream investments of up to $17.4 trillion. It said the ...

The US Energy Information Administration or EIA stated in a latest update that OPEC members earned about $550 billion in crude oil export revenues in 2024, a 9%, or $55 billion (nominal $) decline ...

Saudi Arabia's oil exports jumped to the highest level in more than a year in June as the kingdom shipped more crude to ...

The Organisation of Petroleum Exporting Countries (OPEC) says its research estimates a huge oil market deficit of 23 million ...

Oil edged higher for a second day as traders turn their focus to key supply and economic indicators over the course of the week.

Oil markets are now refocused on OPEC production as the geopolitical concerns dim somewhat following the Iran-Israel ...

Output for March 2025 was revised higher by 2 kb/d and April 2025 output was revised higher by 128 kb/d compared to last ...

Bearish oil outlook ahead as OPEC+ output jumps, demand growth slows, and geopolitical premiums fade, keeping crude oil ...

Iraq emerged as the largest OPEC crude oil supplier to the United States in May, driven by strong export volumes and ...