ExxonMobil CEO Darren Woods said there's not much opportunity for the oil industry to increase production in the short term.

Russia's crude oil output edged up in October by 9,000 barrels per day (bpd) to about 9.01 million bpd, the Organization of ...

OPEC, which is still at the top end of industry estimates after the revision, also cut its 2025 global demand growth estimate to 1.54 million bpd from 1.64 million bpd.

OPEC lowered its global oil demand growth outlook for 2024 and 2025 for the fourth consecutive month, citing a decline in ...

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