If demand rises with greater strength than expected in 2025, the oil price rally could be even more significant.

Colombian president Gustavo Petro has ordered the state-run oil company Ecopetrol to cancel a joint venture with U.S.

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

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

OPEC+ agreed to stick to its policy of gradually raising oil output from April on Monday and removed the US government’s Energy Information Administration from the sources used to monitor its ...

OPEC pumped an average of just over 27 million barrels a day in January, about 70,000 a day less than the month before.

OPEC+ didn’t make any changes to its existing oil-production plans at a review meeting on Monday, even as President Donald ...

OPEC+ is unlikely to alter existing plans to raise output gradually when it meets today, delegates from the producer group ...

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.

Meanwhile, OPEC’s latest report pointed to a rise in crude production, further weighing on prices. According to the organization’s monthly oil market report released Wednesday, OPEC’s output ...

Saudi Aramco has already taken steps to reduce its February production ... OPEC cutting supplies, companies could be looking for alternative barrels, a fact that could result in more Iraqi oil ...