Angola’s oil production fell below 1 million barrels per day in July, missing government forecasts and highlighting ongoing ...

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

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

Senator Heineken Lokpobiri, has assured that Nigeria remains fully committed to the rules of the Organisation of Petroleum Exporting Countries despite recent gains in crude oil output.Lokpobiri said ...

The return of previously curtailed oil production by OPEC+ members is killing U.S. shale growth, with industry executives ...

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

U.S. shale producers are cutting rigs, slashing budgets, and pulling back hard as cheap oil from OPEC pushes prices deep ...

OPEC was formed by five petroleum-rich countries in 1960. At the time, the global oil market was dominated by a group of multinational, Anglo-American companies known as the “Seven Sisters.” ...

The focus of this post is an overview of World oil production along with a more detailed review of the top 11 Non-OPEC ...

A version of this article appears in print on Aug. 4, 2025, Section B, Page 2 of the New York edition with the headline: OPEC Plus to Increase Oil Production Once Again.

Oil supply from countries outside the Declaration of Cooperation - the formal name for OPEC+ - will rise by about 630,000 ...