The Organization of the Petroleum Exporting Countries (OPEC) produced less crude oil in May than its laid out plans.

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

OPEC said on Monday it expected the global economy to remain resilient in the second half of this year and trimmed its ...

The Organisation of the Petroleum Exporting Countries (OPEC) says it will maintain the global oil demand growth forecast at 1 ...

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

Crude prices have been capped at the $72.00 level but remain 12% above May's range. Fears of escalating tensions between Israel and Iran are keeping downside attempts limited. Russia's Deputy Prime ...

Oil prices rose on Tuesday amid growing fears that the Iran-Israel conflict could escalate, raising the risk of unrest and ...

Oil price hovers at $73 per barrel By Udeme Akpan, Energy Editor THE Organisation of Petroleum Exporting Countries, OPEC, ...

The Organisation of the Petroleum Exporting Countries (OPEC) says despite a decline in production, Nigeria retained its ...

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

The initial round of Israeli attacks sent oil prices 7 percent higher on Friday. Still, at about $74 a barrel, Brent crude ...

The United States and its allies, in coordination with the IEA, last tapped emergency oil stocks in early 2022 after the ...