The group of producers comprising the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia has raised its output target each month since August by 400,000 barrels ...

The Nigerian oil minister told the Financial Times on Monday that the OPEC oil cartel is considering ... Read next BI Tech Memo An icon in the shape of an angle pointing down.

Low-cost OPEC producers then respond by increasing production where they can. Read next BI Tech Memo An icon in the shape of an angle pointing down.

A dear friend to many,” the Opec Secretariat added in its obituary to a “genuine Opec icon”. “This is indeed a very sad day for the Opec family,” said Haitham al Ghais, the Kuwaiti oil ...

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.

OPEC has not invited Reuters or Bloomberg news agencies to report on ministerial meetings in Vienna this weekend to discuss future oil policy, according to reporters, Bloomberg and an OPEC source ...

OPEC smashed an all-time oil production record in July, pumping relentlessly despite the low prices. The oil cartel produced just over 33.1 million barrels of oil per day in July, up 46,400 ...

VIENNA, May 10, 2021 /PRNewswire/ -- The OPEC Fund for International Development (the OPEC Fund) has signed a US$15 million loan in favor of NMB Bank Limited in Nepal for the purpose of financing ...

The coalition of oil-producing nations led by Saudi Arabia and Russia moved to blunt falling prices Thursday with plans for a fresh 1 million barrel cut to daily production, in addition to an ...

Divisions emerge within Opec as members frustrated by the oil price rout call on Saudi Arabia to scale back production in a bid to restore prices Some Opec members want to introduce individual ...

Opec's oil production is unlikely to change much in 2015 and there is no need to panic at the crude price drop, Opec's secretary general has said, adding to indications the exporter group is in no ...

The group of producers comprising the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia has raised its output target each month since August by 400,000 barrels ...