The cartel trimmed next year’s forecast for supply growth from the U.S. and other rivals while keeping its oil demand ...

Key OPEC+ nations added less oil to the market last month than the headline figure of its output plan, as the cartel’s ...

OPEC on Monday said it expected the global economy to remain resilient in the second half of this year despite concerns about ...

Fears that Israel may destroy Iranian oil facilities to deprive it of its main source of revenue have driven oil prices ...

Analysts said OPEC might not see any urgency to shift policy, as the surge in prices was driven by a rising risk premium ...

The West's energy watchdog said on Friday it was ready to release oil stocks should the market experience shortages following ...

OPEC's cautious supply return strategy is being seen by many as a price war, but it aims more to balance long-term market share and avoid severe budget impacts than to sharply undercut prices.

OPEC’s crude oil production in May increased less than called for in the OPEC+ agreement. The five OPEC members that have ...

U.S. companies are facing economic headwinds that are reducing incentive to continue high production levels of oil.

The Secretary General of OPEC told the Global Energy Show in Calgary that energy demand is expected to increase by 24 per ...

Opec does two things well: produce oil and manage the market to its advantage. The cartel has long held that cutting production and keeping the oil price high beats selling more barrels at lower ...

Analysts at Morgan Stanley in a report for clients released earlier Monday tried to match up production from certain OPEC+ members with the unwinding of 2.2 million b/d of cuts. The aggregate ...