MOSCOW, May 14. /TASS/. OPEC+ countries participating in the agreement on crude output reduction slashed production by 27,000 barrels per day (bpd) in April 2025, with output being 68,000 bpd below ...

Supply from countries outside the Declaration of Cooperation - the formal name for OPEC+ - will rise by about 800,000 barrels ...

The Organization of the Petroleum Exporting Countries trimmed its economic growth outlook and kept its oil demand forecast ...

According to Russia’s energy strategy through 2050 approved by the government, the country is set to reach oil production of 540 mln tons by 2030 ...

Saudi Arabia's strategic pivot is about letting go of the illusion of market control and moving production back up toward ...

MEG Energy Corp. ( OTCPK:MEGEF) Q1 2025 Results Conference Call May 7, 2025 8:30 AM ET Darlene Gates - President, Chief Executive Officer Ryan Kubik - Chief Financial Officer Lyle Yuzdepski - Senior ...

OPEC+ decided to increase its production hike for the second time over the weekend, causing prices to slump again this ...

Both Brent crude and WTI fell back toward the four-year lows last seen in the aftermath of the March sell-off', Ole Hansen, ...

MUSCAT: Oman’s oil production is projected to rise to 775,000 barrels per day (bpd) in June 2025, up from the required ...

Oil prices plunged to a near four-year low on Monday, which pundits expect will continue to push petrol prices lower.

"(Saturday's) decision is a definitive message that the Saudi-led group is changing strategy and pursuing market share after ...

In a strategic move to address evolving market conditions, eight member nations of the OPEC+ alliance have reportedly agreed ...