OPEC

KEY POINTS Nigeria emerged as the highest crude oil producer among members of the Organisation of Petroleum Exporting Countries, OPEC, in December 2018, pumping 1.797 million barrels per day (bpd). …

KEY POINTS Senegal’s government is ramping up diplomatic efforts to gain full and observer membership in the Organisation of Petroleum Exporting Countries, OPEC, aiming to elevate its status as a …

KEY POINTS Nigeria’s crude oil production reached a significant milestone in June 2025, as the country hit its assigned output quota of 1.5 million barrels per day (bpd), according to …

Oil prices rise slightly on robust US GDP growth, but concerns over Asia’s economic outlook limit gains. The market balances optimism with caution amid uncertainties.

The US Senate Budget Committee is investigating domestic oil producers for potential illegal coordination of oil prices with OPEC, raising concerns about market manipulation.

OPEC, the world’s leading oil producer group, contradicts the IEA’s forecast of imminent peak oil demand. OPEC maintains a bullish outlook, expecting oil consumption to rise for decades to come.

Oil prices rebounded on Wednesday, reversing course after earlier dipping to multi-month lows. The uptick follows positive economic data from the United States and a weaker dollar.

The Organization of the Petroleum Exporting Countries (OPEC) is shifting its focus in oil market reporting. Instead of estimating demand for its own crude oil production, OPEC will now prioritize …

The FTC approves the Exxon-Pioneer deal but blocks former Pioneer CEO from joining Exxon’s board due to accusations of colluding with OPEC to raise oil prices. Lawmakers raise concerns about …

Oil prices retreated on Monday after concerns about potential supply disruptions from the Middle East conflict eased. The market’s focus shifted back to fundamentals, with economic factors like inflation and …