The increase, which the group said was a response to “a steady global economic outlook,” was higher than some analysts ...

OPEC oil output rose in June, a Reuters survey found, led by Saudi Arabia after an OPEC+ agreement to raise production, ...

OPEC and all but one of its allied countries agreed on Saturday to extend record oil production cuts through July.. Members of OPEC and their allies, including Russia and Mexico, already had ...

Updated at 5:10 p.m. ET. OPEC and other allied major oil producers have agreed to extend crude oil production cuts for nine months, a move designed to keep oil prices from falling as U.S ...

For example, the 1973 Arab oil embargo by OPEC saw prices quadruple from $2.90 to $11.65 per barrel, and more recently, the sudden ramp-up in production by Saudi Arabia in March 2020 due to a ...