Tough US sanctions on Russian oil are allowing the biggest Middle Eastern producers to raise prices for their main market by ...

Despite Nigeria's plans to increase crude production, it has seen a major decline in daily crude production in January 2025, ...

The Opec+ alliance has stuck to its production policy amid pressure from US President Donald Trump to lower crude prices by ...

Iran's oil minister said imposing unilateral sanctions on crude producers would destabilise energy markets, the ministry's ...

OPEC oil output fell in January for a second month, a Reuters survey found, as a drop in exports from Nigeria and Iran offset ...

Crude oil price rallied to a 12-week high on Monday amid renewed hopes over the commodity’s demand in the new year. While it ...

OPEC oil production declined in January, primarily due to lower output from Iran and Nigeria, despite the JMMC reaffirming ...

Saudi Arabia's energy minister and several of his OPEC+ counterparts held talks following Trump’s call to lower oil prices, ...

The OPEC Fund contributed $25 million from its own resources as the A-lender and mobilized an additional $25 million B-loan ...

Opec will stop using the US Energy Information Administration (EIA) to independently monitor its members’ production levels, ...

Trump is pressuring Saudi Arabia and other OPEC members to expand oil production in order to lower prices. TD Securities' ...

The OPEC Fund for International Development (the OPEC Fund) has arranged a syndicated loan with a US$50 million facility for ...