Several OPEC+ members are planning to propose a second consecutive monthly acceleration of oil output hikes in June.

The loan aims to support macroeconomic and financial sector reforms in Bangladesh, the ERD said in the statement.

Crude oil futures scored strong gains for the week, but further upside might be capped due to uncertainties over U.S. tariffs ...

OPEC+, which includes OPEC, plus Russia and other allies, has implemented a series of output cuts since late 2022. Its compensation plan is designed to ensure that members who do not make the cuts ...

At least two vessels carrying Venezuelan crude chartered by Chevron are now stalled in Venezuelan waters due to state oil company PDVSA canceling their export authorizations after the U.S. imposed ...

The loans, announced this month, come from an OPEC fund that invests in parts of Africa, Asia, Latin America, and the ...

The cartel of world’s largest oil producers Opec has cut its 2025 global oil demand growth forecast on Monday for the first time since December, citing the impact of data received for the first ...

The latest monthly report from OPEC shows that the cartel has revised its global oil demand growth forecast for 2025 downward for the first time since December, now projecting an increase of 1.3 ...