A worst-case scenario for the West would be if OPEC members embargo oil exports to the U.S. and its key allies.

The potential for renewed war in Gaza, heightened U.S.-Israel cooperation, and Russia’s growing vulnerability in oil exports create a bullish outlook for oil markets ...

West Texas Intermediate (WTI) Oil price snaps a three-day winning streak, trading around $72.40 per barrel during European hours on Wednesday. The decline follows the American Petroleum Institute’s ...

U.S. President Donald Trump's plan to take over Gaza and resettle Palestinians, which has drawn global condemnation, will ...

OPEC+ agreed to stick to its policy of gradually raising oil output from April on Monday and removed the U.S. government's ...

BAKU, Azerbaijan, February 11. OPEC estimates a huge oil market deficit of 23 mb/d by 2030 if investment in the global ...

The funding will finance critical projects that contribute to projects promoting renewable energy, clean water, food security ...

The bloc will be key in “filling an Iranian-shaped hole in global oil supply” by sticking to a plan to begin unwinding 2.2m ...

Enter Donald Trump. The new US president could call on Opec. He can pledge to ratchet up oil sanctions on Russia to the point where their impact becomes more acute: these would target not only ...

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

Most leaders plan for what they expect—great ones plan for the unexpected. Learn how Fortune 500 companies build strategies ...