OPEC+ will likely stick to its plan to raise oil output for a second consecutive month in May, four sources told Reuters, ...

The Organization of the Petroleum Exporting Countries and allies are expected to go ahead with their plan of increasing oil ...

Russia’s central bank issued a warning to the government that oil prices could enter a prolonged slump on the back of higher ...

We are also committed to the future of the industry.” Wise words from an Opec representative, these could have been spoken ...

OPEC+ on Thursday issued a new schedule for seven member nations to make further oil output cuts to compensate for pumping ...

Here’s a look at the Organization of the Petroleum Exporting Countries, headquartered in Vienna, Austria. Facts The purpose ...

The last oil price war has indebted, but not reduced U.S. shale production, while costing OPEC members $450 billion in lost ...

Trump knows that Saudi Arabia is critical to lowering oil prices and pressuring Russia to come to the bargaining table.

The purpose of OPEC is to “coordinate and unify the petroleum policies of its Member Countries and ensure the stabilization of oil markets in order to secure an efficient, economic and regular ...