A group of some of the world's most powerful oil producers on Wednesday agreed to impose deep output cuts, seeking to spur a recovery in crude prices despite calls from the U.S. to pump more to help ...

'We ... expect OPEC to implement cuts to avoid a large increase in inventories in Q1-26', SEB Chief Commodities Analyst Bjarne Schieldrop said. Image by William ...

Producers prioritize capital discipline amid sub-$60 oil prices, with cuts in North America and Europe offsetting higher spending in the Middle East and parts of the Global South.

At what point will OPEC+ turn to cuts? That was one of the questions Skandinaviska Enskilda Banken AB (SEB) Chief Commodities Analyst Bjarne Schieldrop asked in a report sent to Rigzone by the SEB ...

Four key Opec+ producers have pledged to deepen their compensation cuts in the first half of 2026 as the organization looks to improve compliance amid oversupplied oil markets. The UAE, Iraq, ...

OPEC on Wednesday said world oil demand would rise at a similar pace in 2027 as this year and published data indicating a ...

The World’s September oil production increased by 737 kb/d to 86,033 kb/d, a new World Peak Oil All Time High. Read more here ...

Sweeping tariffs implemented Wednesday may ultimately breathe new life into the U.S. steel industry, but prominent Texas economists warn it will come at a cost to the oil industry. “Why is it OK to ...

OPEC's oil output fell in December due to lower supply from Iran and Venezuela, which offset an OPEC+ agreement to raise production for the month, a Reuters survey found on Friday. The Organization of ...

The cartel projects demand will rise by 1.34 million barrels a day next year, slightly below its estimate for 2026.