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, ...

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

OPEC criticizes the IEA's inconsistent messages regarding oil and gas investment, highlighting a recent "U-turn" from ...

The Organization of the Petroleum Exporting Countries (OPEC) on Wednesday affirmed its growth outlook for oil demand and ...

Members of OPEC+ are planning to gradually unwind production curbs in April, which would add supply and could lead to lower ...

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

Qatar has reduced the price of its al-Shaheen crude for May deliveries, following Saudi Arabia's lead, due to a well-supplied oil market and increased OPEC+ production.

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

Others, like the United Arab Emirates and Gabon, are also producing slightly above their assigned quotas. This has caused an ...

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

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.