OPEC's latest ‘World Oil Outlook’ paints a bullish picture for oil demand through to 2050, positioning itself as a staunch ...

The chasm between the two forecasting bodies has widened so much in the past two years that they now hold contrasting views ...

Oil slumped again on reports of the Saudis moving to defend their market share. But lower prices may likely persist ...

OPEC+ is not planning any immediate talks around oil production cuts or increases, according to a senior Russian Government ...

OPEC published its long-term outlook for the oil market up to 2050 this week, Commerzbank’s commodity analyst Carsten Fritsch notes.

Kremlin resolves to display public solidarity with Opec and its leader Saudi Arabia that has largely overlooked ...

In a bold move, Saudi Arabia has decided to increase its oil production despite the potential for a global oversupply. This ...

Expectations that the OPEC and its allies will start unwinding voluntary output curbs of 2.2 million barrels a day starting ...

Bearish oil outlook persists as supply rises from OPEC+ and Libya. China’s economic stimulus offers little boost to ...

Meanwhile, two OPEC+ sources told Reuters on Thursday that the producer group is set to go ahead with a December oil output ...

A statement posted on OPEC’s website on June 2 revealed that the 38th OPEC and non-OPEC Ministerial Meeting will be held on ...

On the other hand, there are reports from close market observers hinting that the Opec leader, Saudi Arabia, has given up of ...