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 ...

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

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

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

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, ...

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

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

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