OPEC said the global economy may perform better than expected in the second half of the year despite trade conflicts and ...

OPEC is implementing a long-term strategy to regain market share and maintain high oil prices, leveraging geopolitical ...

Concerns around tariffs and conflicts in the Middle East and Ukraine have taken a backseat to more fundamental factors ...

OPEC 12 output for May 2025 was revised lower by 6 kb/d and April 2025 output was revised lower by 2 kb/d compared to last ...

A key difference in crude oil demand forecasts between this year and 2024 is that both OPEC and the International Energy ...

The oil cartel OPEC will soon be old enough to retire, but will oil be phased out as the world embraces the green revolution? OPEC+ made two big news headlines within the last week: hosting the ...

Iraq's Oil Ministry announced the Baghdad International Energy Forum (Sep 6-7) will host OPEC's Secretary General and energy ...

OPEC announces cuts to oil production Oil markets shuddered after a surprise announcement this weekend that Saudi Arabia and other oil-producing countries would cut their output of crude oil ...

The OPEC Plus cuts will coincide with the conclusion of that initiative. The timing will amplify the impact, and Mr. Biden is considering releasing more oil reserves intermittently through the winter.

The oil cartel known as OPEC Plus said it would continue the strategy agreed to in July, rubber-stamping a 400,000-barrel-a-day production increase for April.

OPEC has agreed to pump more crude oil over the next two months as Russian production begins to drop because of Western sanctions. The oil exporters’ cartel said it would increase supply by ...

By 2050, OPEC and Russia are projected to make up 58% of output. “Things may turn around, but there’s such a deficit of investment, it will take time to come back from that,” Wald said.