OPEC Secretary General Haitham Al Ghais said that underinvesting in the oil and gas sector could cause market volatility in the long term and imperil growth

The US, UK, Denmark and others have warned about the booming practice of unregulated ship-to-ship oil transfers at sea, which increase the risk of pollution

Speaking at a televised government meeting, he also said that Russia had been cutting oil production and it was at the “required level”

Iraq does not expect OPEC+ to make further cuts to oil output at its next meeting in June, its oil minister Hayan Abdel-Ghani said, in the first indication from an OPEC minister about a potential decision as oil prices slide

Equinor and its partners have decided to invest about $9 billion to develop the BM-C-33 gas and condensate discovery off Brazil, the Norwegian company said

U.S. crude oil inventories fell for a third week in a row, while gasoline stockpiles unexpectedly rose last week as demand weakened, the Energy Information Administration said

LONDON, May 2 (Reuters) – OPEC oil output fell in April due to a halt in some of Iraq’s exports and delays to Nigerian shipments, a Reuters survey stated, adding to the impact of strong adherence by top producers to a supply cut deal by the wider OPEC+ alliance

As oil markets remain jittery, the cargo seizure is the latest escalation between Washington and Tehran after years of sanctions pressure by the U.S. over Iran’s nuclear program

Oil prices will pick up pace towards $90 a barrel over the course of this year as production cuts by OPEC+ and rebounding China demand shield against a deteriorating economic backdrop in the West, a Reuters poll showed.

Russian Deputy Prime Alexander Novak said that OPEC+ group of leading oil producers does not see the need for further oil output cuts despite lower-than-expected Chinese demand, though the organisation is always able to tweak its policy