OPEC+ will likely stick to its plan to raise oil output for a second consecutive month in May, four sources told Reuters, ...

Here’s a look at the Organization of the Petroleum Exporting Countries, headquartered in Vienna, Austria. Facts The purpose ...

Opec+ is a group that includes Opec and allied producers led by Russia, and pumps over 40 per cent of the world's oil. The ...

Geopolitical tensions also play a crucial role in crude oil market volatility. Economic sanctions, conflicts in crude ...

Eight OPEC+ members that are making the group's most recent layer of output cuts held a virtual meeting on Monday and agreed to proceed with the April increase, OPEC said. The increase is 138,000 ...

The increase in Iran and Venezuela’s crude output has been slowing lately, so I expect OPEC other 8 output to eventually slow to an annual rate of 200 kb/d or less by 2028. OPEC expects a bigger ...

April and May during a recent meeting. The latest report also forecasts global oil demand growth will increase by 1.45mbbl/d in 2025 and 1.43mbbl/d in 2026. These figures remain unchanged from the ...

Kuwait’s cabinet approved a draft decree that paves the way for the OPEC-member Gulf state to sell international debt for the first time in eight years.

March 18, 1974 – At an OPEC meeting, seven members lift the ban on exports to the United States: Algeria, Saudi Arabia, Kuwait, Qatar, Bahrain, Egypt and Abu Dhabi. Libya and Syria refuse to ...

LONDON, March 3 (Reuters) - OPEC+ has decided to proceed with a planned April oil output increase, the group said on Monday, a move that follows U.S. President Donald Trump renewing pressure on ...