The eight OPEC+ members - Saudi Arabia, Russia, the UAE, Kazakhstan, Kuwait, Iraq, Algeria and Oman - raised oil output ...

Oil producers inside and outside the Organization of the Petroleum Exporting Countries are quietly shifting from restraint to expansion, lifting output even as demand signals look uneven. The result ...

The purpose of OPEC is to “coordinate and unify the petroleum policies of its Member Countries and ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply ...

OPEC has in the past managed to overcome serious internal rifts by prioritising market management over political disputes ...

DUBAI (Reuters) -Iran's President Masoud Pezeshkian urged OPEC members to unite against possible U.S. sanctions on the major oil producer, after U.S. President Donald Trump said he would seek to drive ...

Crude oil futures slumped to near multi-year lows after the Organisation of the Petroleum Exporting Countries (OPEC) and its allies announced a larger-than-expected production increase on Thursday, ...

Global oil markets are again showing the impact of emotions and misinterpretation. The so-called surprise production increase taken by eight (8) leading members of OPEC is, in principle, not relevant ...

Venezuelan output declined by about 14% to 830,000 barrels a day as the US blocked and seized tankers as part of a strategy ...

VIENNA—OPEC members are inching toward a compromise that could lead them to cut oil supply, as the producer group this week prepares for one of its most closely watched meetings in years. Saudi Arabia ...

LONDON, Nov 30 (Reuters) - OPEC oil output rose for a fifth month in November, a Reuters survey found, as increased Libyan production offset full adherence by other producers to cuts agreed in an OPEC ...