OPEC+ ministers from eight nations that are gradually raising oil output will meet online on Thursday and are likely to ...

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.

The oil-exporting countries of the Persian Gulf weren't spared from President Trump's sweeping global tariffs, despite ...

Eight OPEC+ member countries will go forward with plans ... They also discussed conflict in the Middle East and cooperation on combatting terrorism, the outlet reported. This deal amounts to ...

The Organization of Petroleum Exporting Countries (OPEC) reduced its crude oil production in March, ahead of its planned production increase for May, a new Bloomberg survey showed on Tuesday.

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 ...

The increase is the first since 2022 from OPEC+, which includes the Organization of the Petroleum Exporting Countries ... proceed with the April increase, OPEC said. The increase is 138,000 ...

The latest statement posted on OPEC’s site noted that “the eight countries reiterated their collective commitment to full conformity with the additional voluntary production adjustments as ...

Four countries have been consulted to join the Organisation of the Petroleum Exporting Countries (Opec), its Secretary-General Haitham Al Ghais said. The four countries are Azerbaijan, Malaysia ...