Oil supply from countries outside the Declaration of Cooperation - the formal name for OPEC+ - will rise by about 630,000 ...

OPEC on Tuesday raised its global oil demand forecast for next year and trimmed its estimate for growth in supply from the ...

IEA warns OPEC+ output hike leaves oil market oversupplied as the supply is rising faster than demand with bloated market ...

Angola’s oil production fell below 1 million barrels per day in July, missing government forecasts and highlighting ongoing ...

At the centre of this transformation is Nigeria’s 650,000-bpd Dangote Refinery, which began operations in 2024 and has already started reshaping West Africa’s fuel trade.

The raised forecast comes as the global economy was now projected to grow 3% this year, up from 2.9% previously.

Big manufacturers like GCL may set up a $7 bln fund to buy and then shut one third of polysilicon capacity. It could reduce ...

Senator Heineken Lokpobiri, has assured that Nigeria remains fully committed to the rules of the Organisation of Petroleum Exporting Countries despite recent gains in crude oil output.Lokpobiri said ...

Instead, OPEC and its allies are voluntarily taking oil off the market. In November, several members of OPEC Plus, including the United Arab Emirates, Iraq and Kuwait, joined the Saudis in ...

The OPEC letter, which was first reported by Reuters, is significant because, under U.N. rules, any agreement forged at the climate summit must be unanimously endorsed.

Throttling back on oil production hasn’t helped OPEC and its allies to push up crude prices lately. At least four times in the past 15 months, members of the alliance known as OPEC+ have slashed ...

OPEC agrees to keep oil production cut, likely maintaining high prices through November election Saudi Arabia has ambitions to diversity its economy away from fossil fuel exports Comments ...