Oil prices settled down more than 2% on Wednesday after U.S. President Donald Trump took the first big step toward diplomacy ...

OPEC on Wednesday stuck to its forecast for relatively strong growth in global oil demand in 2025, saying air and road travel ...

World oil output without the US increased by 692 kb/d to 68,304 kb/d. November’s production is expected to increase by 238 kb ...

The cartel stuck to its oil-demand forecast after reaffirming plans to gradually hike output from April, but said Trump’s ...

Tough US sanctions on Russian oil are allowing the biggest Middle Eastern producers to raise prices for their main market by ...

A worst-case scenario for the West would be if OPEC members embargo oil exports to the U.S. and its key allies.

OPEC has rejected U.S. calls for increased oil production, stating that the cartel's decisions are based on market fundamentals and not political considerations.

OPEC's priorities include supporting and ensuring global oil market stability to secure reliable, cost-effective, and regular ...

OPEC has downgraded the forecast for the U.S. oil and condensate production in 2025 by 50,000 barrels per day.

Supporting investments in renewable energy, energy efficiency, climate adaptation, climate-related equipment production, and ...

The Organisation of Petroleum Exporting Countries (OPEC) has revealed that Nigeria's crude oil production declined, falling ...