The raised forecast comes as the global economy was now projected to grow 3% this year, up from 2.9% previously.

OPEC on Tuesday raised its forecast for global oil demand next year and trimmed its forecast for growth in supply from the ...

Global oil demand is set to grow by 1.38 million barrels per day (bpd) in 2026, OPEC said on Tuesday as it raised its ...

Oil prices fell as investors weighed Trump’s China tariff extension and considered the planned meeting with Russia’s Vladimir Putin ...

Nigeria’s crude oil production averaged 1.507 million bpd in July 2025, exceeding its OPEC quota for the second straight ...

OPEC+ producers raised their combined crude oil production in July by less than planned, with Saudi Arabia's supply data showing discrepancies.

OPEC revealed in its monthly report, issued Tuesday, changes in its crude oil prices during June and July 2025, which rose ...

U.S. oil demand is expected to reach 20.8 million bpd by Q4 2026, compared to 20.7 million bpd in Q4 2025. China’s consumption is projected to grow from 17.0 million bpd in Q4 2025 to 17.2 million bpd ...

OPEC maintained its forecast for global oil demand growth for 2025, while raising its estimate for next year, citing a strong ...

Nigeria’s average daily crude oil production rose to 1.507 million barrels per day (bpd) in July 2025, surpassing the Organization ...

OPEC's oil output rose further in July after an OPEC+ agreement to raise production, a Reuters survey found on Friday, ...

Eight producers, led by Saudi Arabia, will continue boosting production despite forecasts that supply will soon exceed demand ...