The Nigerian National Petroleum Company Limited (NNPCL) says it is ramping up efforts to raise the country’s oil production capacity ...

Saudi Arabia is asking the companies that OPEC uses for independent analysis of oil-production levels to submit a lower ...

The IEA on Friday boosted its forecast for supply growth this year, while also trimming its outlook for growth in demand ...

Oil prices edged up on Friday, as investors weighed a tight prompt market against a potential large surplus this year, ...

The world oil market may be tighter than it appears despite a supply and demand balance pointing to a surplus, the ...

By bnm Tehran bureau Iran topped global crude oil production growth in 2024, increasing output by 374,000 barrels per day (bpd) to achieve a 13% rise, according to OPEC's latest statistical bulletin.

Oil prices are under pressure, despite OPEC+ reportedly nearing the end of its supply hikes. Trump's talk of a “major” Russia ...

For now, though, the market remains relatively tight through the northern hemisphere summer." "Meanwhile, the International Energy Agency (IEA) is scheduled to release its latest monthly Oil market ...

Oil prices climbed on Friday as the market considered potential US sanctions on oil-producer Russia and another round of tariff threats, with prices heading for a modest weekly gain.

As OPEC+ allies restore 548,000 barrels daily, creating oil market volatility, procurement executives face supply chain risks ...

BP has said lower oil and gas prices will weigh on its earnings in the second quarter, even as the energy major flagged an ...