The forecasts come amid a slowing Chinese economy, which has significantly hit oil demand and abundant global supply.

Saudi Arabia, which leads the group, appears wary of unsettling markets just before the U.S. presidential election on Tuesday ...

OPEC+ has delayed its planned production increase for a second time, citing market conditions and geopolitical uncertainties.

The Organization of the Petroleum Exporting Countries and allies are in a dilemma with its decision to increase oil output ...

Opec has cut its oil demand forecast for the last three months in a row. This is becoming a ritual. Not even the most ...

LAUNCESTON, Australia, Oct 15 (Reuters) - OPEC cut its estimate for China's crude oil demand growth in 2024 for a third straight month in October, but the producer group is still massively ...

OPEC has repeatedly revised down its 2024 demand estimates, citing a drop in diesel use and slower-than-expected economic ...

Escalating tensions in the Middle East and U.S. relations with China pose the greatest concerns for Big Oil, according to ...

The Organization of the Petroleum Exporting Countries (OPEC) further trimmed forecasts for global oil demand growth this year ...

The Organization of Petroleum Exporting Countries (OPEC) is very positive on demand for oil in both the short and long term, Secretary General Haitham Al Ghais said at an energy industry event in Abu ...

Saudi Arabia and allied oil producing countries say they will postpone a plan to gradually increase oil output until the end of the year.

Escalating tensions in the Middle East and US relations with China pose the greatest concerns for Big Oil, according to some ...