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 ...

Yet again, OPEC has postponed plans to increase oil production until at least the end of the year. That drove oil futures ...

Estos acuerdos subrayan el compromiso del Fondo OPEP de promover los objetivos globales de desarrollo, entre ellos la resiliencia climática, la transición energética, la agricultura sostenible ...

OPEC+ has agreed to delay a planned December oil output increase by one month, the group said on Sunday, as weak demand ...

The Singapore stock market has moved higher in two straight sessions, gathering more than 25 points or 0.7 percent along the way. The ...

The name Azerbaijan comes from the Persian "azer", or "sacred fire", from the temples of the ancient religion of ...

Saudi Arabia and allied oil producing countries said on Sunday they would postpone a plan to gradually increase oil output until the end of the year, extending their output cuts by one month. No ...

US crude production notched a new monthly record in August. That's not necessarily welcome news to other countries.