Qatar is to leave OPEC next month in order for the Gulf state to focus on gas production, the country's new Energy Minister Saad al-Kaabi announced in a surprise move on Monday. Saad Sherida Al-Kaabi, ...

Doha: The GCC countries account for 40% of the region s output and its growth is projected to accelerate from 2.2% in 2024 to 3.5% this year and ...

Oil prices declined on Tuesday, extending losses from the previous two sessions, due to OPEC's plans to increase output, ...

Israel's air force attacked Hamas leadership in Doha, Qatar, on Tuesday. After Israel attacked senior Hamas leadership in Qatar on Tuesday, oil prices climbed - but not as much as some traders might ...

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

LONDON, Aug 12 (Reuters) - OPEC on Tuesday raised its global oil demand forecast for next year and trimmed its estimate for growth in supply from the United States and other producers outside the ...

David Fickling is a Bloomberg Opinion columnist covering climate change and energy. Previously, he worked for Bloomberg News, the Wall Street Journal and the Financial Times. Think of the most ...

LONDON (Reuters) -World oil supply is expected to closely match demand next year as the wider OPEC+ group increases production, an OPEC report showed on Monday, marking a change from last month's ...

The world will need as much as 19.5 million barrels per day (bpd) of new refining capacity by 2050 to meet rising global oil demand, OPEC said in its 2025 World Oil Outlook (WOO) with forecasts ...

KUWAIT, Oct 23 (Reuters) - OPEC is ready to raise production by rolling back its oil output cuts further if required to address market shortfalls after the United States imposed new sanctions on ...