The Vienna-based cartel retained its oil demand forecast for this year after a series of cuts and projected broadly stable ...

OPEC has reiterated its earlier forecast that global oil demand will expand at a robust clip at 1.4 mb/d in 2025, largely driven by strong non-OECD growth ...

Members of the Organisation of Petroleum ... The report showed Ecuador, the smallest OPEC producer, earned around $10 billion in 2011 compared with $8 billion, previously.

It has since expanded to 12 member countries. In 2016, largely in response to dramatically falling oil prices due to U.S. shale oil output, OPEC signed an agreement with 10 other oil-producing ...