The U.S. government’s auto safety regulator has ended a 2 1/2-year investigation into Ford engine failures after the company ...

The OPEC Monthly Oil Market Report for October 2024 was published recently. Output for August 2024 was revised higher by 60 ...

Saudi Arabia and allied oil producing countries said on Sunday they would postpone a plan to gradually increase oil output ...

LONDON, Oct 14 (Reuters) - OPEC on Monday cut its forecast for global oil demand growth in 2024 reflecting data received so far this year and also lowered its projection for next year, marking the ...

My expectation for November’s West Texas Intermediate (WTI) oil prices is that WTI should range between $65 and $75 per ...

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.

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 ...

OPEC has revised its global oil demand growth forecast for 2024 and 2025 downward. The primary driver of the revision is weaker-than-expected Chinese oil demand growth. Slower economic activity ...

OPEC and its allies aren’t likely to bring oil output back this year because producers are “making huge money” from refined products, according to Rystad Energy. “Our view is that they ...

OPEC's spare oil production capacity is the go-to argument by many analysts when the threat of higher prices rears its head. The latest International Energy Agency monthly report was no exception.

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 ...

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 ...