News

OPEC Signals Cautious Optimism on Trade, Holds Oil Demand Forecast
The Organization of the Petroleum Exporting Countries trimmed its economic growth outlook and kept its oil demand forecast ...
Crude oil pulls back after U.S. inventories post surprise rise, OPEC issues cautious report
Crude oil fell after four straight sessions of gains, as government data showed U.S. crude oil stockpiles rose unexpectedly ...
Why OPEC Plus Is Increasing Oil Supplies Despite Falling Prices
The group agreed to raise output in June, a sign that Saudi Arabia and its allies appear to be weary of cutting output and ...
OPEC April oil output edges lower despite plans for hike, survey finds
OPEC oil output edged lower in April despite a scheduled output hike taking effect, a Reuters survey found, led by a cut in ...
OPEC sees India's oil demand rising 3.4% in 2025, double the pace of China
OPEC projects India's oil demand to surge, outpacing China's growth in 2025 and 2026, driven by a robust economy and ...
Oil Prices Fall as OPEC Increases Supply Despite Fears of an Economic Slowdown
U.S. oil prices fell to $57 a barrel after the OPEC Plus cartel said this weekend that it would pump more oil.
WTI outlook: Oil prices close to $60 per barrel
We make a start by noting that some aspects of the US oil market show signs of tightening. Starting with the Baker Hughes oil ...
OPEC sends oil prices reeling, but what’s good for Texas drivers may not be for drillers
On Monday, global crude prices sank after OPEC+ agreed over the weekend to surge production for a second month, adding to ...
India's oil demand to surge by 3.39% in 2025, doubling China’s pace: Opec report
OPEC projects India to lead global oil demand growth in 2025 and 2026, significantly surpassing China. Driven by a robust ...
Nairametrics8h
Nigeria averages 1.486mbpd in April 2025 according to OPEC
Nigeria averaged a crude oil production output of 1.468mbpd in the first quarter of 2025, much lower than the 2mbpd ...
US oil prices drop more than $1 as inventory build raises oversupply fear
U.S. crude futures declined more than $1 in early trade on Thursday after an unexpected build in U.S. crude oil inventories ...