What's more important for crude oil markets? Forecasts of Chinese oil demand growth by leading agencies or the reality of ...

OPEC said on Wednesday that Kazakhstan led a sizeable jump in February crude output by the wider OPEC+, highlighting a challenge for the producer group in enforcing adherence to agreed output targets.

Here’s a look at the Organization of the Petroleum Exporting Countries, headquartered in Vienna, Austria.FactsThe ...

The increase in Iran and Venezuela’s crude output has been slowing lately, so I expect OPEC other 8 output to eventually slow to an annual rate of 200 kb/d or less by 2028. OPEC expects a bigger ...

Oil prices were also supported by the new OPEC plan for seven members to cut output further to compensate for producing more than agreed levels. The plan would represent monthly cuts of 189,000 ...

Both the International Energy Agency (IEA) and the Organisation of the Petroleum Exporting Countries (Opec) talk about demand when they make forecasts as to the state of the oil sector in China ...

(Bloomberg) — OPEC’s crude production rose to the highest level in more than a year ahead of the group’s planned supply revival, driven by gains in Iraq, Venezuela and the United Arab Emirates. Output ...

(Bloomberg) -- OPEC’s crude production rose to the highest level in more than a year ahead of the group’s planned supply revival, driven by gains in Iraq, Venezuela and the United Arab Emirates.

According to the OPEC data, Kazakhstan produced 1.767 million barrels per day (bpd) of oil in February, up from 1.570 million bpd in January. It has promised to cut the output and compensate for ...

NEW YORK (Reuters) -Oil prices settled higher on Friday and recorded a second consecutive weekly gain as fresh U.S. sanctions on Iran and the latest output plan from the OPEC producer group raised ...