Members of the Organization of Petroleum Exporting Countries and their allies decided over the weekend to boost oil output by ...

Opec has raised output targets by more than 2.7 million bpd since April but slowed the pace in October and November amid predictions of oversupply.

Shares in major oil stocks gushed higher today after producers of the black stuff said they were squeezing supplies. Pausing ...

Discover how OPEC, the global oil cartel, influences oil prices and production in 2024. Learn about its member nations, history, challenges, and current strategies.

Eight OPEC+ members have agreed to increase oil production slightly in December, but will pause any further production hikes ...

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 ...

OPEC raised oil production slightly last month as key members began gradually restarting another layer of halted supplies, according to a Bloomberg survey.

The Organization of Petroleum Exporting Countries (OPEC) has once again revised its oil demand growth forecasts for 2024, marking the fourth consecutive month of downward adjustments. This move ...

OPEC's oil output rose further in October after an OPEC+ agreement to raise production, a Reuters survey found on Tuesday, ...

Global markets react to new Trump sanctions on Russian oil. Learn how rising oil prices may impact inflation and investment.

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 ...