The world faces a record glut of oil next year as a Saudi-led cartel ramps up production – just as global demand slumps.

OPEC raised its expectations for global oil demand growth next year and lowered the supply growth forecast for producers ...

World oil supply will rise more rapidly than expected this year and next as OPEC+ members further increase output and supply ...

Despite some short-term supportive factors for the market, oil prices continue to edge lower ahead of Friday’s Trump-Putin ...

The International Energy Agency on Wednesday raised its forecast for oil supply growth this year following a decision by the ...

Oil prices edged lower on Wednesday after the IEA noted supply overtaking demand this year, while investors awaited Friday's ...

Nigeria's oil production exceeded 1.5 mbpd in July, surpassing its OPEC quota for the second consecutive month, solidifying ...

World oil supply is projected to increase more rapidly than expected this year and next as the Organization of the Petroleum ...

OPEC report showed that Nigeria retained its position as the largest oil producer in Africa, surpassing Algeria, which ...

LONDON: The Organisation of the Petroleum Exporting Countries (OPEC) on Tuesday raised its global oil demand forecast for ...

Oil prices slipped on Wednesday as investors perceived the risk of an industry glut. West Texas Intermediate ( CL=F) futures ...

World oil supply will rise more rapidly than expected this year and next as OPEC+ members further increase output and supply ...