The Vienna-based cartel expects global oil demand to grow by 1.3 million barrels a day this year and 1.38 million barrels a ...

Oil prices fell more than $2 a barrel on Wednesday, weighed down by an OPEC report saying global oil supply will match demand ...

Heading into 2026, Opec’s data does indicate a surplus, though on a more moderate scale than other forecasters.

Oil prices edged up on Thursday, taking a break after major losses in the previous session, as investors weighed concerns ...

Crude oil prices fell sharply, pressured by mounting concerns of an oversupplied market after OPEC said it now expects a ...

Oil prices fell sharply on Wednesday after OPEC said it now expects the global market to be balanced in 2026, abandoning its ...

LONDON (Reuters) -World oil supply is expected to match demand next year in ​a reflection of the wider OPEC+ group's production ‌increases, an OPEC report showed on Wednesday, marking a further shift ...

Oil prices steadied on Wednesday after a sharp 4% slide the day before, with Brent trading near $63.08 and WTI around $58.80 ...

There are currently serious fears about a glut in the oil markets – too much oil. And an abundance of oil has the effect of ...

Eight members of the oil cartel agreed on Sunday to a small increase but said they would now pause in adding more oil, reflecting market concerns about an oversupply.

Oil futures tumbled midday after OPEC and allied producers signaled that global supply could match demand by 2026, a shift from earlier deficit projections. As of 11:40 a.m. ET, NYMEX crude oil ...

The global oil market faces an even bigger surplus next year of as much as 4.09 million barrels per day as OPEC+ producers ...