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 ...

OPEC’s crude oil production rose by 180,000 barrels per day (bpd) to 27 million bpd in May, with producers part of the OPEC+ ...

OPEC expects the global economy to remain resilient in the second half of this year despite concerns about trade conflicts ...

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

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 revealed in its monthly report, issued Monday, changes in its crude oil prices during April and May 2025, which fell for the fourth consecutive m ...

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

The United States and its allies, in coordination with the IEA, last tapped emergency oil stocks in early 2022 after the ...

Oil jumped on Friday nearing US$80 a barrel after air strikes by Israel and Iran raised concern about supply. Read more at ...