The cartel trimmed next year’s forecast for supply growth from the U.S. and other rivals while keeping its oil demand ...

Key OPEC+ nations added less oil to the market last month than the headline figure of its output plan, as the cartel’s ...

The West's energy watchdog said on Friday it was ready to release oil stocks should the market experience shortages following ...

The organization left its forecasts for global oil demand growth unchanged in 2025 and 2026, after reductions in April ...

OPEC oil output rose in May, a Reuters survey found, although the increase was limited as Iraq pumped below target to ...

OPEC's cautious supply return strategy is being seen by many as a price war, but it aims more to balance long-term market share and avoid severe budget impacts than to sharply undercut prices.

Oil demand growth will remain robust over the next two and a half decades as the world population grows, OPEC Secretary ...

Analysts said OPEC might not see any urgency to shift policy, as the surge in prices was driven by a rising risk premium ...

Although the U.S. is a net oil exporter, higher oil prices could increase inflation and lower economic growth.

OPEC’s crude oil production in May increased less than called for in the OPEC+ agreement. The five OPEC members that have ...

On Friday, oil prices surged more than they have in three years. Iran, the third biggest OPEC producer (despite US sanctions), pumps around 3.3 million barrels a day of crude oil and exports roughly 1 ...

Oil prices surged, stocks dropped and investors flocked to safe havens like gold on Friday after tensions between Israel and ...