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 ...

Oil prices dipped on Tuesday as traders watched for a U.S. government short-term market outlook report following a bullish ...

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

Opec forecast a tighter global oil market than previously projected, citing accelerating demand growth and a slower expansion ...

OPEC now expects the global oil market to be tighter in 2026 than previously forecast, projecting stronger demand growth and slower rival supply expansion, Bloomberg writes.  The cartel raised its ...

OPEC+ producers raised their combined crude oil production in July by less than planned, with Saudi Arabia's supply data ...

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

The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria’s average daily crude oil production increased to 1.50 ...

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 ...

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