OPEC+ oil supply cuts and recent efforts to unwind them have increased volatility in energy markets and hampered investment in new production, the CEO of Italian energy company Eni said on Monday.

This impact, in turn, will affect investment in new production—and future supply. According to the IEA—and numerous analysts—non-OPEC supply is enough to make up for the cuts that the cartel ...

The OPEC bloc of oil-producing nations announced Monday that it will extend oil production cuts through the end of 2024, spurring a 2 percent increase in the price of U.S. benchmark West Texas ...

OPEC oil output rebounded in October from its lowest this year the previous month as Libya resolved a political crisis, a Reuters survey found, although a further Iraqi effort to meet its cuts pledged ...

Crude oil prices fell Monday after the Organization of the Petroleum Exporting Countries (OPEC) reduced its oil demand outlook for 2024 and 2025 once again, citing data received so far this year.

Crude oil futures fell sharply early Monday as OPEC cut its 2024 and 2025 global oil demand growth view for the third consecutive month, and China's oil imports fell from a year ago for a fifth ...

OPEC said this year's demand growth was still above the historical average of 1.4 million bpd seen prior to the COVID-19 pandemic, which caused a plunge in oil use. For next year, OPEC cut its ...

Big Oil Dials Up Output Growth Just as OPEC Mulls Supply Boost Exxon, Chevron, Shell, BP post production gains as crude drops OPEC plans to add barrels to the market starting in December ...

A growing institutional rift exists between the EIA, IEA, and OPEC regarding global oil demand ... liquid supply situation may not immediately impact the world's economy. Based on my formula ...

OPEC trimmed its forecasts for oil demand growth this year and next for a third consecutive month as the group belatedly recognizes a slowdown in global fuel use. Global oil consumption will ...