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.

Decisions made by oil producer group OPEC take a long-term view of the global markets and are aimed at providing price stability, Secretary General Haitham Al Ghais said at the India Energy Week ...

U.S. President Donald Trump will restore his "maximum pressure" campaign on Iran and drive its oil exports to zero, a U.S.

OPEC forecast another year of steady oil demand growth ... report on Jan. 15. In theory, that should allow Saudi Arabia and its OPEC+ partners to revive halted production, ultimately restoring ...

OPEC has dropped the U.S. Energy Information Administration from its list of secondary sources used to monitor crude oil ...

global oil benchmark Brent crude averaged around $81 a barrel in 2024. The Opec statement issued after the 3 February meeting added: “The members of the JMMC who participated in the additional ...

OPEC, a cartel of ... given the reliance on oil for production, shipping, and delivery of physical products. The problem with the basic supply and demand theory is that distribution and refinement ...

LONDON (Reuters) -OPEC+ agreed to stick to its policy of gradually raising oil output ... ministers from OPEC and allies led by Russia (OPEC+) discussed Trump's call to raise production, and ...

Investing.com -- The Organization of the Petroleum Exporting Countries (OPEC) saw a decrease in oil output for the second ... most significant decreases in production. In Nigeria, production ...