The cartel still expects demand to grow by 1.45 million barrels a day this year and 1.43 million barrels a day the next, ...

The Organization of the Petroleum Exporting Countries on Wednesday maintained its global oil demand projections for 2025 and 2026, while flagging mounting economic uncertainty amid trade tensions. The ...

Oil prices fell on Monday afternoon to their lowest level of the year after the OPEC oil cartel and its allies affirmed plans ...

The Organization of the Petroleum Exporting Countries (OPEC) on Wednesday affirmed its growth outlook for oil demand and overall economic expansion over the next two years.

OPEC said on Wednesday that Kazakhstan led a sizeable jump in February crude output by the wider OPEC+, highlighting a ...

The international benchmark fell to its lowest point since 2021 after a decision by Saudi Arabia and other producers to pump ...

Oil-exporting states have been under pressure from US President Donald Trump to slash prices, though analysts have said the ...

VIENNA, 24th September, 2021 (WAM) -- The price of OPEC basket of thirteen crudes stood at $75.44 a barrel on Thursday, 23rd September, compared with $74.46 the previous day, according to OPEC ...

Oil prices fell sharply on Monday, reaching their lowest levels in 2025, following the unexpected decision by OPEC+ to ...

Oil prices rebounded on Friday after Russia’s deputy prime minister suggested oil cartel Opec+ could reverse a plan to ...

propping up prices by restricting supply and maintaining sufficient spare capacity to deter other companies from entering the market and competing for volumes, much like what OPEC does for oil.

The average price of a regular gallon of gas decreased more than two cents over the past week, falling to a mark lower than a ...