OPEC Plus has recently agreed to add to production as oil prices have started rising. The organization had agreed to stick to the existing pace of gradually easing oil supply curbs. OPEC Plus had ...

Hopefully, you must have understood that why oil-rich countries are planning to leave the OPEC. This article is very important for the UPSC mains exam so exam aspirants need to read it attentively.

In 1960, frustrated by Western control over the world’s oil industry, five of the world’s top oil-producing nations created the Organization of the Petroleum Exporting Countries, or OPEC.

The voluntary production cuts are led by Saudi Arabia and Russia, the top exporters in the group which brings together the Organization of the Petroleum Exporting Countries (OPEC) and allies.

The greatest trick ... Countries will have a bigger task in complying with a plan to cut supply starting in 2017 - its first production-reduction deal since 2008. Supply from OPEC increased ...

DUBAI (Reuters) - OPEC Gulf countries and Saudi Arabia are willing to cooperate for any action to stabilize the oil market, a senior Gulf OPEC delegate said on Thursday. "OPEC Gulf countries and ...