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.

Here’s a look at crude oil reserves and production around the world. Facts Crude oil is a form of liquid petroleum, extracted from rock formations and used for fuel and other purposes. Members of the ...

September 27, 2016. Oil prices rose modestly ahead of a meeting of producers from the Organization of the Petroleum Exporting Countries (OPEC) cartel and Russia in Algeria on September 28 that ...

After two years of over-reliance on software algorithms, 2025 could be the year fundamentals-based trading reestablishes ...

Large field in central Iraq Estimated output of 5,000bpd Pressure to comply with Opec Iraq has announced the ...

A warning of potential supply constraints in oil production, impacting prices and investments despite institutional forecasts ...

OPEC forecast on Wednesday world oil demand in 2026 will rise at a similar rate to this year, while reducing its figure for 2024 for a sixth time, following economic weakness in China, the world ...

From the point when OPEC quadrupled oil till the end of the ... it is strictly for traders and likely borderline gambling, but facing facts, this is what a decent part of the audience wants.

Angola has announced it is leaving the oil producers' organisation Opec over a dispute on output quotas. It follows last month's decision by the 13-member cartel and 10 allied nations to further ...