The OPEC+ group of crude oil exporters is still planning on lifting output from December, but it will be doing so against a backdrop of weak demand in the top-importing region of Asia.

Middle East tensions push crude prices higher, but rising U.S. inventories cap further gains. Can OPEC’s spare capacity keep oil markets stable amid conflict?

The Organization of the Petroleum Exporting Countries (OPEC) has enough spare oil capacity to compensate for a full loss of Iranian supply if Israel knocks out that country’s facilities but the ...

Imports from Iraq and Saudi rose 16 percent and 37 percent, respectively, in September. Russia, however, remained the top ...

OPEC+ - comprised of the Organization of the Petroleum Exporting Countries and its allies - was already preparing to lift output in less than two months. The group has plans to gradually faze out ...

A five-year development plan for Iraq's oil sector, approved in 2023, is set to increase the country’s crude production ...

Iran has been able to boost its shipments by evading sanctions through the use of a dark fleet of tankers of uncertain ...

Often regarded as the cradle of oil, West Asia is rich in natural resources that significantly shape its geopolitical ...

There are several Bakersfield police officers in front of a southwest Bakersfield home Wednesday night, according to an ...

Nigeria imported 20.3 billion litres of petrol in 2023, a 13.7% reduction from 23.54 billion litres in 2022, according to NBS ...

Rep. Givan says she wants more transparency from city hall on how many other positions are vacant inside the department.

OPEC+ is cutting output by a total of 5.86 million bpd, or about 5.7 per cent of global demand, in a series of steps agreed ...