OPEC oil output ‌plunged in March to its lowest level since the height of the COVID-19 pandemic in June 2020, a Reuters ...

OPEC+ has a history of raising oil output to cushion disruptions, but analysts said the group currently has little spare ...

OPEC+ has agreed to further raise oil production beginning in October as leader Saudi Arabia pushes to regain market share, while slowing the pace of increases compared with previous months due to an ...

Nigeria's crude oil production fell to 1.31 million barrels per day (bpd) in February, according to the Organisation of Petroleum Exporting Countries (OPEC) data.

OPEC’s crude production was steady last month as the group maintained a cautious strategy while global oil markets falter, a Bloomberg survey showed. The Organization of the Petroleum Exporting ...

In December 2023, Angola stunned global energy markets by announcing it would leave OPEC after 16 years of membership. The decision followed months of tension over production quotas. Angola had been ...

OPEC continued to project a substantial supply deficit in global oil markets this year and next even as the group revives production, a view that clashes with the wider industry. The Organization of ...

OPEC+ agreed to keep its oil output unchanged for March at a meeting, the producer group said on Sunday, even after crude prices hit six-month highs on concern the US could launch a military strike on ...