Or an optimistic step towards a new future?Speaking to The National at the Hofburg, Opec secretary general Haitham Al Ghais ...

Producer group OPEC and the International Energy Agency, the world's most closely watched forecasters of oil demand growth, are further apart than they have been for at least 16 years in their ...

OPEC raised forecasts for global oil demand through to the middle of the century, even as the world shifts away from fossil fuels to avert catastrophic climate change.

The members of the Organization of Petroleum Exporting Countries lost a collective $1 trillion in foregone revenues during the last crisis in 2015 and 2016, the cartel’s secretary-general said ...

OPEC’s top diplomat told European Union officials that the current crisis in global oil markets caused by Russia’s invasion of Ukraine is beyond the group’s control.

The producers agreed to a small, planned increase in output amid soaring oil prices, with concerns over supply heightened due to a possible Russian invasion of Ukraine.

The conflict has led many analysts, oil market watchers and politicians to draw parallels with the 1973 OPEC embargo, when Arab oil producers cut off oil exports to several allies of Israel ...

For those who lived through the oil embargo and OPEC crisis of the 1970’s, Upton says he doesn’t see any situations nearing that level of crisis on the horizon.

The banking crisis in March hammered crude oil prices so much that the Organization of the Petroleum Exporting Countries, or OPEC, stepped in with massive production cuts to stem the bleeding.

European economists worried about a heightened risk of recession and a bolstered Russia, after OPEC Plus said it will slash oil production.

The head of the Organization of the Petroleum Exporting Countries — a group of the world’s major oil producers — told CNN Monday that a lack of investment in the oil industry posed a danger ...

The OPEC+ Joint Ministerial Monitoring Committee will hold a meeting Monday with discussions expected to highlight the importance to continue monitoring a market that is troubled by the banking ...