Kazakhstan’s Minister of Energy, Almasadam Satkaliyev, will resign from his position, as announced by the country’s presidential office on Tuesday, according to a Reuters report. This move comes amid ...

Saudi Aramco announced that it expects to declare total dividends of $85.4 billion in 2025, down from $124.2 billion in 2024.

Global oil demand will pick up in the next months with the summer driving season, Russia's top oil official said, adding that ...

U.S. December oil production increased by 95 kb/d to 13,491 kb/d, a new all-time high. According to the EIA, New Mexico’s ...

The Organization of the Petroleum Exporting Countries and allies’ decision to raise crude oil production from April seems ...

"The change in OPEC strategy looks like they are prioritising politics over price. Those politics are likely connected with the wheeling and dealing of Donald Trump," Schieldrop said, referring to ...

Oil prices extended losses on Tuesday after reports of OPEC+ plans to proceed with output increase in April while further price pressure was applied by US tariffs on Canada, Mexico and China as ...

For years, the oil industry has faced wide-ranging forecasts on global oil demand growth, creating uncertainty in markets and influencing upstream and ...

The shipbroking giant said on Tuesday that 2025 looks to be “healthy” for crude tankers, in part due to the scheduled unwinding of production cuts by Opec and its allies starting in the spring.

According to him, OPEC’s market research and forecasting points to the importance of Africa. “Additionally, we know from Nigeria’s countless contributions to OPEC’s successes, how ...

Russia is the third-biggest oil producer behind the U.S. and Saudi Arabia and a member of OPEC+, the Organization of the Petroleum Exporting Countries (OPEC) and allied countries. In Iraq, the ...