LONDON, Feb 4 (Reuters) - U.S. President Donald Trump will restore his "maximum pressure" campaign on Iran and drive its oil exports to zero, a U.S. official said on Tuesday. Such a move would reduce ...

OPEC oil ministers sought to persuade consumers this week that they are doing all they can to ease the pain of high oil prices by offering 2 million barrels per day of spare capacity if buyers want it ...

OPEC+ left early-2025 production targets unchanged but approved a major new mechanism to reassess each member’s maximum sustainable production capacity. This new mechanism will be used to determine ...

Output for March 2025 was revised higher by 2 kb/d and April 2025 output was revised higher by 128 kb/d compared to last month’s report. Demand for 2024, 2025 and 2026 have all been revised higher by ...

LONDON, Oct 6 (Reuters) - OPEC+'s continued oil output increases are eroding the group's spare production capacity, a vital cushion that has helped to mitigate volatility in recent years. Energy ...

After the pandemic, Big 4 average output peaked in 2022 at a centered 12 month average of 20849 kb/d, crude output has been cut by 2599 kb/d relative to the 2022 CTMA peak to 18290 kb/d in December ...

The U.S. Energy Information Administration quietly rewrote a key assumption about the global oil market this week: OPEC can ...

Opec inched towards a deal today that would see it make its remaining spare capacity available to oil buyers rather than increase supply immediately, as some consumers had urged. "It's difficult for ...

A lack of spare OPEC+ capacity could potentially lead to an oil price spike, Hartree Partners Senior Adviser and Commodities Strategist Ed Morse highlighted to Rigzone in an exclusive interview. OPEC+ ...

For much of its more than 50 year history, OPEC has been a dominant force in the oil market. By setting production quotas and regulating output among its member states, OPEC has been able to ...

The OPEC+ producers kept their targeted production unchanged for early next year when they met this weekend for their final gathering for the year. While reaffirming the decision was no news for ...