a projection for Non-OPEC oil output was made for the period November 2024 to December 2026. (Red graph). Output is expected to reach 54,915 kb/d in December 2026, which is 943 kb/d higher than ...

In 1960, frustrated by Western control over the world’s oil industry, five of the world’s top oil-producing nations created the Organization of the Petroleum Exporting Countries, or OPEC.

The U.S. Energy Information Administration forecasts non-OPEC crude oil production to increase by 1.8 million barrels per day this year. OPEC+ has maintained output cuts for three years ...

LONDON, March 5 (Reuters) - OPEC oil output rose in February, a Reuters survey found, as Iranian exports held strong, despite renewed U.S. attempts to curb the flows, and Nigeria boosted output ...

LONDON, Feb 12 (Reuters) - OPEC on Wednesday stuck to its forecast for relatively strong growth in global oil demand in 2025, saying air and road travel would support consumption and potential ...

On January 23, US President Donald Trump said he will pressure Saudi Arabia and OPEC to decrease oil prices. Trump was addressing OPEC and other world leaders gathered in Davos on Thursday.

This means the country failed to meet the 1.5 million barrels per day OPEC production target set for its members. A review of Nigeria’s latest crude oil production data by SaharaReporters has ...