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

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 ...

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

The organization left its forecasts for global oil demand growth unchanged in 2025 and 2026, after reductions in April ...

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

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.

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

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

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

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

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 ...