The Organization of the Petroleum Exporting Countries lowered its forecast for growth in global oil demand in 2025 for the first time since December. OPEC said in its April Oil Market Report: This ...

LONDON (Reuters) - OPEC on Wednesday stuck to its forecast for relatively strong growth in global oil demand in 2025, saying air and road travel would support consumption and potential trade tariffs ...

LONDON (Reuters) -OPEC cut its 2024 global oil demand growth forecast for a fifth straight month on Wednesday and by the largest amount yet, a series of downgrades that highlights China's sputtering ...

OPEC says more than 1,000 ministers, CEOs, policymakers, analysts and journalists were invited to its biennial seminar to discuss key trends in the oil and gas markets and the green transition. Here ...

The report showed that Nigeria retained its position as the largest oil producer in Africa, surpassing Algeria, which produced 907,000 bpd in January. The Organisation of Petroleum Exporting Countries ...

OPEC, together with its allies, is increasing oil production and anticipates "very strong" demand in the third quarter, with a tight supply-demand balance expected in the months ahead, the group's ...

OPINION: Opec's latest World Oil Outlook offers reassurance to the hydrocarbon sector. The report acknowledges that the industry faces a nasty jolt from the Covid-19 pandemic, but predicts a quick ...