A view of the logo of the Organization of the Petroleum Exporting Countries (OPEC) outside their headquarters in Vienna, Austria, Nov 30, 2023. [Photo/Agencies] VIENNA - The Organization of the ...

(Bloomberg) --Oil fell to the lowest since May ahead of a weekend OPEC+ meeting where Saudi Arabia will seek to steer the group toward more production increases in the coming months. West Texas ...

OPEC crude production rose by about 400,000 barrels per day (bpd) in August, reaching 28.55 million bpd, according to a Bloomberg survey published on Wednesday. Saudi Arabia accounted for just over ...

Chile’s state-owned copper giant Codelco is warning that national production could stagnate at about 5.5 million tonnes per year as the industry faces mounting challenges. Chairman Máximo Pacheco said ...

The Federal Government, through the Nigerian Upstream Petroleum Regulatory Commission, has declared that the country is firmly on course to ramp up crude oil output to 2.5 million barrels per day by ...

Korea's 10 leading petrochemical firms agreed Wednesday to reduce the combined output from their naphtha cracking centers (NCCs) nationwide by up to 25 percent, or 3.7 million tons, in an effort by ...

NEW DELHI, Aug 20 (Reuters) - India's infrastructure output (ININFR=ECI), opens new tab grew 2% year-on-year in July, government data showed on Wednesday. The index, which tracks activity across eight ...

Brent crude prices are on track for a sharp decline in the coming months, with the U.S. Energy Information Administration (EIA) now forecasting prices to fall from $71 per barrel in July to an average ...

The Organization of the Petroleum Exporting Countries raised its oil-demand forecast for next year after agreeing to another bumper production hike in a push for market share. The Vienna-based cartel ...

Eight producers, led by Saudi Arabia, will continue boosting production despite forecasts that supply will soon exceed demand. By Stanley Reed Eight countries that belong to the oil cartel known as ...

India's manufacturing sector surged to a 16-month high in July, reaching 59.1, fueled by robust order growth and output. Sales growth hit a near five-year peak, while production soared to a 15-month ...