World oil supply is expected to closely match demand next year as the wider OPEC+ group increases production, an OPEC report ...

Brazil is on track to become a top-five global oil producer as Petrobras and Big Oil pour billions into ultra-deepwater pre-salt projects, driving record output and attracting record investment.

OPEC’s latest Monthly Oil Market Report offered a steady and confident tone, keeping its global demand growth forecasts ...

In its most recent Oil Market Monthly Report, the International Energy Agency (IEA) lowered its projections for oil demand ...

The world oil market faces an even bigger surplus next year of as much as 4 million barrels per day as OPEC+ producers and ...

June’s MoM production increased by 595 kb/d to 45,174 kb/d for these eleven Non-OPEC countries, while as a whole, the ...

World oil supply will rise more rapidly than previously expected this year and a surplus could expand in 2026 as OPEC+ ...

Brazil’s Petrobras has restarted production at its flagship Tupi offshore oilfield, restoring one of the country’s most ...

OPEC+ oil-producing countries opted for only a modest rise to November output due to concerns about a potential global glut, ...

OPEC+ production increases are creating a complex geopolitical landscape, impacting global oil prices, US energy policy, and ...

The International Energy Agency projects a surplus of 3.3 million barrels a day by 2026, while OPEC’s own outlook implies a ...