During his Friday in North Carolina speech, U.S. President Donald Trump stated that lowering oil prices by OPEC could lead to ...

Oil Politics and International Order.” In 2021, OPEC estimated that 80% of the world’s proven crude oil reserves were located in member countries, which thus stand to benefit from higher prices.

US President Donald Trump has raised the stakes for a meeting of an OPEC+ ministerial panel next month, with his call for the group to lower oil prices.

By K Raveendran OPEC+ is once again at the centre of a global energy crisis as it grapples with a new challenge posed by ...

OPEC, or the Organization of the Petroleum Exporting Countries, serves as an organizing body of the world's largest producers of oil. Its purpose, per its website, is to "coordinate and unify the ...

Global politics affect oil exports ... policy changes by the OPEC nations, changes in oil production and inventory, the state of the global economy, and the status of international agreements.

(Photo by Getty Images/Bob Riha, Jr.) As the 50 th anniversary of the first major oil crisis ... political decisions were responsible, not the physics or economics of the resource. This was in ...

The new tariffs imposed by U.S. President Donald Trump on imports from Canada, Mexico, and China are likely to have a limited ...

Mohammed Barkindo, Secretary General of the Organization of Petroleum Exporting Countries (OPEC), expressed hope that the situation around Ukraine will be resolved and will not affect the oil market.

The United Nations on Monday released a harrowing report saying some of global warming's effects will be ... Petroleum Exporting Countries (OPEC), which manages oil supply for 13 countries ...

Trump — a fierce critic of the cartel for decades before his political career ... when crashing oil prices during the Covid-19 crisis threatened to crush the American petroleum industry. Trump, the ...