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 ...

The forecasts come amid a slowing Chinese economy, which has significantly hit oil demand and abundant global supply.

The backdrop of the group’s production boost is a murky market landscape: Brent crude oil prices have dropped nearly 19% since early April, falling to below $74 per barrel, driven by demand fears in ...

OPEC maintained its forecast for world economic growth at 3% this year and 2.9% next year. "Downside risks, including geopolitical uncertainties, high sovereign debt, elevated real interest rates ...

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.

Crude prices rallied after OPEC and its allies delayed a planned production increase by a month, as Israel-Iran tensions remain heightened, and the U.S. election looms. Dig deeper: ...

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 ...

September 27, 2016. Oil prices rose modestly ahead of a meeting of producers from the Organization of the Petroleum Exporting Countries (OPEC) cartel and Russia in Algeria on September 28 that ...

Exxon Mobil Corp. and Chevron Corp. capped Big Oil earnings season by revealing blockbuster increases in fossil fuel ...

The Organization of the Petroleum Exporting Countries further trimmed its forecast for oil-demand growth, as it prepares to bring some barrels back into the market despite weaker global prices ...

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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 ...