OPEC Secretary-General Haitham Al-Ghais stressed that the organization’s decisions are guided by a long-term vision for global markets, aiming to achieve price stability. Speaking at the India Energy ...

The approval of a plan by the Iraqi Parliament to increase payments to international oil companies operating in the semiautonomous northern region is ...

Oil prices retreat in early trade following reports of a large U.S. crude stockpiles build. Brent crude is down 1% to $76.24 a barrel, while WTI falls 1.1% to $72.50 a barrel. U.S. crude oil ...

The oil market is trading with marginal declines this morning as the API numbers released overnight were largely bearish for ...

The East Baghdad field, one of the important oil fields in Iraq, recently had a discovery that increased its reserves to 15 billion barrels.

OPEC has rejected U.S. calls for increased oil production, stating that the cartel's decisions are based on market fundamentals and not political considerations.

What is WTI Oil? WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, ...

The looming shadow of the disruptive decisions made by US President Donald J Trump and Prime Minister Narendra D Modi's ...

OPEC's priorities include supporting and ensuring global oil market stability to secure reliable, cost-effective, and regular ...

Decisions made by oil producer group OPEC take a long-term view of the global markets and are aimed at providing price ...

The location of the US Strategic Petroleum Reserve and the critical role it has played and will continue to play during ...

A worst-case scenario for the West would be if OPEC members embargo oil exports to the U.S. and its key allies.