OPEC’s June oil production rose by 270,000 bpd, but weak compliance and inconsistent enforcement raise doubts about whether ...

OPEC+ may bring its meeting forward to Saturday to approve another oil production hike, though actual supply increases remain ...

OPEC oil output rose in June, a Reuters survey found, led by Saudi Arabia after an OPEC+ agreement to raise production, although the increase was limited as Iraq pumped below target to compensate for ...

Crude futures settled lower. The market was restrained by the widely held view that OPEC+ will agree to bring back another 411,000 barrels a day in August. U.S. natural gas futures fell going into the ...

Iraq developed 113 oil wells in the first half of 2025 as it pushed ahead with plans to expand its crude output capacity by more than 50 percent. The developed wells include 27 newly drilled producing ...

Oil was trading slightly lower ahead of an OPEC+ meeting on July 6 that is set to deliver another oversized production hike.

The NYMEX August West Texas Intermediate contract was down by 53cts to $66.92/bbl and September WTI was off by 51cts to $65.50/bbl. Both the September and October Brent crude contracts were 47cts ...

The physical volume of oil exports by OPEC countries in 2024 decreased by 3.55% to 19.01 mln barrels per day. OPEC's share of global oil deliveries was 43.96% last year, which is slightly lower than ...

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The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri yesterday said the Federal Government has ...

Saudi Arabia, OPEC’s top oil producer, earned $179 billion in 2024, making up about a third of the group’s total revenue..

According to data from oil service provider Baker Hughes, the number of active oil rigs in the US fell by a further six last ...