oil production

Nigeria has surpassed its oil production quota established by the Organization of the Petroleum Exporting Countries (OPEC), achieving an 11-month peak in crude output during May 2026. The Nigerian Upstream…

The United States has officially become the world’s top exporter of oil, including both crude and refined products, while maintaining its position as the largest producer of oil and natural…

The Organization of the Petroleum Exporting Countries (OPEC) has once again lowered its forecast for global oil demand growth in 2026, reflecting the ongoing geopolitical instability in the Middle East.…

The Organization of the Petroleum Exporting Countries (OPEC) has revealed significant changes in oil production among its member nations for May, with Iran experiencing a steep drop while Venezuela’s output…

The U.S. Energy Information Administration (EIA) has released its latest outlook indicating that oil inventories among the Organization for Economic Cooperation and Development (OECD) countries are expected to fall to…

OPEC’s crude oil production fell sharply in May 2026, reaching the lowest level seen in more than 25 years. According to a Reuters survey, the 11-member Organization of the Petroleum…

The Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, have announced a fourth consecutive monthly increase in their oil production targets despite ongoing disruptions caused by…

Seven nations within the OPEC+ coalition have announced plans to increase their crude oil output starting in July. This decision aims to address growing global energy demand and help stabilize…

OPEC+ is preparing to authorize its fourth consecutive rise in oil production targets, aiming to increase output by approximately 188,000 barrels per day starting this July. This planned boost involves…

OPEC+ is set to approve its fourth increase in oil production quotas in as many months despite ongoing geopolitical tensions and disruptions caused by the closure of the Strait of…