Both organisations cautioned against persistent underinvestment despite the expected long-term demand growth. The GECF Global ...

OPEC on Monday cut its oil demand growth forecast for 2025 and 2026 as President Donald Trump's tariffs weigh on global economic growth. The cartel now sees demand for crude growing by 1.3 million ...

OPEC’s expectations of global oil demand growth “remain generally optimistic,” despite recent headwinds including risks to trade and the global economy, OPEC Secretary General Haitham Al Ghais said on ...

U.S. oil prices fell to $57 a barrel after the OPEC Plus cartel said this weekend that it would pump more oil. By Rebecca F. Elliott Oil prices resumed their slide after the OPEC Plus cartel of oil ...

OPEC has kept its global oil demand growth forecasts unchanged for 2025 and 2026, expecting continued robust economic growth to drive demand. The cartel anticipates global oil demand to reach an ...

This transcript was prepared by a transcription service. This version may not be in its final form and may be updated. Pierre Bienaimé: Here's your Midday Brief for Wednesday, May 14th. I'm Pierre ...

NEW YORK(AP) — A group of countries that are part of the OPEC+ alliance of oil-exporting countries has agreed to a small boost in oil production, citing a steady global economic outlook. The group ...

KUWAIT (Reuters) -OPEC is ready to raise production by rolling back its oil output cuts further if required to address market shortfalls after the United States imposed new sanctions on Russian oil ...

OPEC’s history and rising energy and oil demand suggest that any claims of the organization’s waning importance, or indeed any predictions of peak oil in the coming decades, should be taken with a ...