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 ...

Here’s why: Oil demand pretty closely follows global economic growth. And the Trump administration’s tariffs are scrambling ...

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

Geopolitical tensions, such as U.S. pressure on countries like India to stop buying Russian oil, could lead to further ...

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

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OPEC+ members have agreed to a second consecutive production increase this year, effectively ending voluntary cuts on ...

Oil and gas markets weaken as OPEC output expectations and trade tensions cap gains. Key support and resistance levels guide ...

A group of countries that are part of the oil cartel OPEC+ have agreed to boost oil production, which some believe could ...

Crude oil futures plunged over 5% this week as bearish fundamentals—including rising OPEC+ output, weak exports, and fading ...

Opec has raised its forecast for global oil demand next year and trimmed its forecast for growth in supply from the United States and other producers outside the wider Opec+ group, pointing to a ...