Discover what the upcoming OPEC+ meeting on November 2 means for global oil prices and production plans, including the anticipated increase in output and effects of US sanctions on Russia.

OPEC has kept its global oil demand growth forecasts unchanged for 2025 and 2026, expecting continued robust economic growth to drive demand. The cartel anticipates global oil demand to reach an ...

Opec Governor Adeyemi-Bero has urged full backing for Dangote Refinery, stressing its impact on GDP, forex savings, and national growth.

Nigeria’s crude oil production in October reached 1.401 million barrels per day, a slight increase from the 1.39 million bpd recorded in September, according to the Organisation of Petroleum Exporting ...

OPEC has slammed the brake on speculation, flatly rejecting media reports that the G8 is preparing to hike crude oil production by half a million barrels per day. In a statement from Vienna on Tuesday ...

OPEC 12 output for May 2025 was revised up by 34 kb/d, and June 2025 output was revised higher by 46 kb/d compared to last month’s report. The World liquids demand forecast for 2025 is unchanged from ...

OPEC Urges IEA To Face Reality Of Energy Market.) VIENNA, Nov 12 (KUNA) -- OPEC Secretary General Haitham Al Ghais stressed on Wednesday that the International Energy Agency (IEA) needs an essential ...

Even if the OPEC+8 group halts its planned production increases during the first quarter of 2026, the revised liquids balance ...

Vienna: Eight countries from the the OPEC+ alliance agreed Sunday to increase their oil production quotas for next December, while also announcing ...

The Chairman of the OPEC Board of Governors for 2025 has called on Nigerian oil producers to prioritise domestic refining and value creation instead of exporting raw crude.Speaking on Wednesday at the ...