Inayat-ur-Rahman, Business Editor / Reuters Eight Opec+ countries unexpectedly agreed to advance their plan to phase out oil ...

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.

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

as African members’ struggles to pump more crude partially offset increases at the core OPEC members of the Middle East, reports Tsvetana Paraskova for Oilprice. All 13 OPEC members—including ...

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 ...

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 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 ...