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.

Despite Nigeria's plans to increase crude production, it has seen a major decline in daily crude production in January 2025, ...

OPEC oil production declined in January, primarily due to lower output from Iran and Nigeria. Iranian oil production has been impacted by US sanctions. The JMMC reaffirmed the current OPEC+ ...

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

Neither OPEC nor US shale firms appear willing to increase oil supply, despite President Trump's pledge to bring down energy ...

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 ...

The Organisation of Petroleum Exporting Countries (Opec) was founded in Baghdad, Iraq, on September 14, 1960. Its founding member countries are ...

Crude oil futures climbed to a two-week high, as concerns over sanctions on Russian and Iranian oil supplies and rising ...

OPEC's priorities include supporting and ensuring global oil market stability to secure reliable, cost-effective, and regular ...

The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Haitham Al Ghais has said that many global ...

OPEC reviewed the crude oil production data for the months of November and December 2024 and “noted the high overall conformity for OPEC and non-OPEC countries participating in the Declaration ...