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

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

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.

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

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

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

OPEC Secretary General Haitham Al-Ghais said Thursday that global demand for primary energy is expected to rise by 23 percent, from 308 to 378 million barrels of oil equivalent per day by 2050.

OPEC is ready to raise production by rolling back its oil output cuts further if required to address market shortfalls after ...

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

OPEC+ is expected to approve another small production increase this weekend as it balances market stability against new U.S.