OPEC expected growth in 2025 is unchanged from last month’s report and the 2026 estimate for World liquids growth is the same ...

This chart also projects World C + C production out to December 2025 ... of meeting the increasing World oil demand for next year while OPEC withholds its oil from the market.

OPEC's position in the oil market ... the IEA said. Even if production cuts stay in place through all of next year, the agency expects an overhang of 950,000 barrels per day.

Oil Prices Fall After Four Weeks of Gains as U.S. Boosts Domestic Supply. Will Trump’s policies hurt crude oil’s recovery?

(Bloomberg) -- OPEC forecast another ... to revive halted production, ultimately restoring roughly 2 million of barrels a day over the course of the next two years. However, the cartel’s bullish ...

This dynamic has led many economists to describe OPEC as a cartel – a group of entities that agree to fix prices, limit production or ... Conference to serve two-year terms.

More unclear is whether OPEC will entertain Trump's request. For over a year, the cartel has collectively narrowed production to boost prices; members are highly dependent on energy revenues ...

U.S. President Donald Trump on Thursday proved that words can be just as powerful as actions — at least temporarily — after ...

The rise follows Angola's exit from the Organization of the Petroleum Exporting Countries (OPEC ... production in 2024 is mainly the result of cumulative efforts to improve output over recent years.