OPEC held its biennial seminar over July 9-10 in Vienna. Ministers representing OPEC countries, their allies and key ...

The OPEC+ alliance, which includes countries such as Russia and Kazakhstan, will expand its share of global oil markets to 52 ...

OPEC+ boosts summer oil production by 548,000 bpd in August, surprising markets, pushing prices lower, and stirring global ...

The eight OPEC+ nations on Saturday agreed to increase their crude oil production by 548,000 barrels per day starting in ...

OPEC is sticking to its guns while everyone else is screaming climate emergency. The cartel now says global oil demand will hit 123 million barrels a day by ...

Saudi Arabia, Russia and their oil-producing allies announced on Sunday that they would cut production by more than 1.2 million barrels of crude a day, or more than 1 percent of world supplies, in ...

For example, the 1973 Arab oil embargo by OPEC saw prices quadruple from $2.90 to $11.65 per barrel, and more recently, the sudden ramp-up in production by Saudi Arabia in March 2020 due to a ...

OPEC confirms it won't change oil production quotas Sept. 27, 2001 The Organization of Petroleum Exporting Countries confirmed Thursday it would not change its present oil production quotas to ...

“This latest OPEC bust-up highlights important changes in oil marketing strategy that are starting to spread across the global oil patch,” said Jim Krane, a fellow at Rice University’s Baker ...

Higher prices have made difficult oil projects more lucrative, leading to increases in unconventional oil production--but that could change. Declines in non-OPEC production come at a time when ...

OPEC’s oil production declined in January for a second consecutive month amid lower output from Iran and Nigeria, according to the monthly Reuters survey published on Wednesday.. Last month, all ...

OPEC and its allies on Thursday decided to gradually boost oil production in anticipation of a rebound in crude demand over the summer. Fayez Nureldine/AFP via Getty Images hide caption ...