OPEC and its allies began to pare back oil production last month, following through with plans to curtail output in order to boost slumping global crude prices. Bloomberg reported on Thursday that ...

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.

This is well below pre-pandemic growth rates. At the same time, OPEC foresees an increase of 2.1 mb/d this year and 1.8 mb/d next year, a level of disagreement that seems unusually high.

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 ...

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 ...