However, that is now pushed back until September 2026. OPEC Dec crude production fell -120,000 bpd to 27.05 million bpd. Crude oil demand in China has weakened and is a bearish factor for oil prices.

The world's largest oil-exporting nations include members of OPEC (Organization of the Petroleum Exporting Countries), a cartel that works to coordinate members' oil policies. OPEC's actions can ...

The U.S. dollar dropped as much as 0.8% against a basket of currencies on Friday, before narrowing losses at the end of the ...

The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria’s average daily crude oil production dropped marginally to 1.485 million barrels per day (bpd) in December 2024. In its ...

Yesterday both the IEA and OPEC released their monthly oil market report, ING’s commodity analyst Warren Patterson and Ewa Manthey note. “The IEA warned of potential supply disruptions ...

The International Energy Agency (IEA) has downgraded its oil demand growth forecast for 2025, reducing it from 1.1 million b/d to 1.05 million b/d. This is notably lower than OPEC's more optimistic ...

Geopolitical tensions and a 2M-barrel U.S. crude inventory drop drive oil prices higher, signaling tighter global supply. Natural gas faces bearish momentum, trading at $3.70 as it slips below $3. ...

Oil prices climbed above $81 per barrel yesterday, following the release of the latest Monthly Oil Market Report (MOMR) by the Organisation of Petroleum Exporting Countries (OPEC) and projections ...

(Brussels, January 16, 2025) – The Georgian government drove the country toward a human rights crisis in 2024, Human Rights Watch said today in releasing its World Report 2025. The government ...

Opec forecast on Wednesday world oil demand in 2026 will rise at a similar rate to this year, while reducing its figure for 2024 for a sixth time, following economic weakness in China, the world's ...

Oil prices end higher as traders weigh demand prospects, supply risks U.S. crude supplies fall for eighth week in a row Last Updated: Jan. 15, 2025 at 3:50 p.m. ET First Published: Jan. 15, 2025 ...