Nigeria’s crude oil production dropped to 1.31 million barrels per day in February, even as local refineries continue to grapple with inadequate domestic crude supply needed to sustain operations.The ...

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 ...

OPEC+ production increased by 349,000 bpd in June, less than the planned 411,000 bpd hike. Saudi Arabia reported output above quota but said excess barrels were stored, not supplied. Iraq restrained ...

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 ...

OPEC on Monday raised its medium- and long-term forecasts for global oil demand. Stream Los Angeles News for free, 24/7, wherever you are. The oil producer group said the crude sector would require a ...

For centuries, Vienna's romantic Hofburg palace served as a winter residence of the imperial Habsburg dynasty — this week, though, it welcomed Saudi royalty, energy ministers, top CEOs and a slew of ...

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 ...

OPEC held its biennial seminar over July 9-10 in Vienna. Ministers representing OPEC countries, their allies and key consumers were joined by oil and gas CEOs, policymakers, analysts and members of ...