The meeting involved the thirteen OPEC members and the so-called +10 under the leadership of Russia. The organization will again assess market developments next December. Since last May OPEC and ...

The Organization of the Petroleum Exporting Countries (OPEC)’ 11 members, including Iraq, pumped an average 27.75 million barrels of crude per day (bpd) in December, an increase of 230,000 bpd ...

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

OPEC expected growth in 2025 is unchanged from last month’s report and the 2026 estimate for World liquids growth is the same ...

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 ...

U.S. President Donald Trump on Friday reiterated his call for OPEC to cut oil prices to hurt oil-rich Russia's finances and ...

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 ...

OPEC forecast on Wednesday world oil demand in 2026 will rise at a similar rate to this year, while reducing its figure for ...

Iran, Kuwait and Libya called on fellow OPEC members on December 18th to reduce ... s basket of seven crudes dips below $22 a barrel for 10 consecutive working days, a production cut of 500,000 ...