The government stopped publishing official output figures after November 2023, just weeks before its departure became effective in January 2024, but exports tell the story.

The Organization of the Petroleum Exporting Countries pointed to high debt levels in key economies and tariff uncertainty as areas of concern.

Discover the key factors driving oil prices and their impact on global economies, from consumer budgets to corporate earnings and national GDP.

Global oil prices are signalling that the market is tipping into a protracted period of oversupply, but the huge disparity in forecasts for OPEC’s production will likely limit the selloff.

Iran’s crude oil production rose by 44,000 barrels per day (bpd) in September, reaching 3.25 million bpd, according to the latest monthly report from the Organization of the Petroleum Exporting Countries (OPEC).

OPEC maintains its bullish forecast for global oil demand growth in 2025 and 2026, driven by robust economic activity and increased demand from emerging markets.

A report released by OPEC on Wednesday revealed that Iraq continued to be the organization’s second-largest oil producer during September.

OPEC+ faces a major oil oversupply in 2025, challenging production increases. The coalition has tried to boost oil prices by holding back output. Instead, members are ceding control to non-OPEC producers, such as the US. OPEC's position in the oil market ...

OPEC will bring in an independent consultant to evaluate the production capacity of its member states, Kuwait’s Oil Minister Saad Al Barrak said Wednesday

OPEC’s latest Monthly Oil Market Report offered a steady and confident tone, keeping its global demand growth forecasts unchanged for both 2025 and 2026. The cartel continues to expect demand to rise by 1.

OPEC+ production hikes may strain Saudi output; learn how this could impact oil markets and discover timely investment opportunities before 2026.