OPEC and Saudi spare oil production capacity
U.S. President Donald Trump will restore his "maximum pressure" campaign on Iran and drive its oil exports to zero, a U.S. official said on Tuesday.
OPEC’s Oil Production Continued to Decline in January
OPEC oil production declined in January, primarily due to lower output from Iran and Nigeria, despite the JMMC reaffirming the current production cut agreement.
OPEC+ Damocles Sword Hanging Over Shale Oil Producers
OPEC decided ... to stick with its plan - to lift production by 120,000 barrels per day every month for 18 months starting April', SEB Chief Commodities Analyst Bjarne Schieldrop highlighted.
OPEC+ Can Appease Trump Even While Defying Him on Production
US President Donald Trump and Saudi Crown Prince Mohammed bin Salman during a March 2018 meeting at the White House. At the start of his second term, Trump called on OPEC+ to lower oil prices.
Opec sticks to production plan despite Trump pressure
The Opec+ alliance has stuck to its production policy amid pressure from US President Donald Trump to lower crude prices by boosting output. “The members of the JMMC [Joint Ministerial Monitoring Committee] reaffirmed their commitment to the DoC (Declaration of Co-operation),
OPEC+ likely to stick to oil output hike plan, sources say
OPEC+ is likely to adhere to current plans to raise output gradually from April when a panel of top ministers meets on Monday, delegates from the producer group told Reuters, despite U.S. President Donald Trump urging OPEC to lower prices.
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Nigeria, Iran cause OPEC's January crude oil production drop
Despite Nigeria's plans to increase crude production, it has seen a major decline in daily crude production in January 2025, ...
OPEC oil output falls for second month in January on Nigeria, Iran, survey finds
OPEC oil output fell in January for a second month, a Reuters survey found, as a drop in exports from Nigeria and Iran offset ...
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A New Oil Cycle Begins And Sanctions, Shale, and OPEC Set the Stage
If demand rises with greater strength than expected in 2025, the oil price rally could be even more significant.
US and international oil producers are pushing back on the Trump administration's plan to pump more crude
Neither OPEC nor US shale firms appear willing to increase oil supply, despite President Trump's pledge to bring down energy ...
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OPEC oil output falls for second month in January
OPEC oil output fell in January for a second month, a Reuters survey found, as a drop in exports from Nigeria and Iran offset a rebound from the United Arab Emirates where field maintenance had curbed ...
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OPEC oil output declined in January – Report
The Organisation of the Petroleum Exporting Countries’ crude production dipped for a second consecutive month in January as a drop in exports from Nigeria and Iran affected crude outputs.
Opec drops US Energy Information Administration as data monitor
Opec will stop using the US Energy Information Administration (EIA) to independently monitor its members’ production levels, ...
Trump’s "Drill, Baby, Drill" Pledge Will Not Save Oil
There is no doubt there will be an impact of the second Trump presidency on the energy transition, but it is unlikely to have ...
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OPEC+ reaffirms commitment to monitor production adjustment for oil market stability
The Organisation of Petroleum Exporting Countries (OPEC) and allies, known as OPEC+, have reaffirmed commitments to monitor ...
Crude Oil Prices10h
OPEC to Trump: We Set the Price, Not You
Trump was speaking at the World Economic Forum in Davos when he said he was surprised that OPEC producers hadn’t taken care of oil prices before the U.S. election in November. “You gotta bring down ...