MIAMI -- Tropical Storm Chantal formed off the southeast U.S. coast and was forecast Saturday to bring heavy rain to parts of the Carolinas. Tropical storm warnings were issued for portions of the two ...

Another assignment that is much more definitive: the OPEC Seminar. The circus rolls back into Vienna as the oil producers' ...

Eight members of the OPEC+ alliance of oil exporting countries say they will boost production by 548,000 barrels per day in ...

Should the cartel opt to pump still more, however, prices could drop below $50, at which point members may revolt. And OPEC + remains far from recovering its market power.

Angola quits OPEC ’Cartel not serving country’s interest’ Angola, a leading African oil producer said it would leave the Organisation of Petroleum Exporting Countries (OPEC).

NEWS Angola will leave oil cartel OPEC, following a dispute over oil production quotas. The nation’s oil output has been sinking in recent years, and OPEC requested it cut its exports to 1.1 ...

Angola announced Thursday that it's leaving the OPEC oil producers cartel, coming after it battled with the group over lower production quotas this year. Diamantino de Azevedo, the African nation ...

By AFP Published December 21, 2023 The expansion of OPEC has proved to be a double-edged sword for the cartel as it means decision-making has become more difficult, according to Swissquote analyst ...

Angola - which had been an Opec member for 16 years - is not the first country to leave the cartel. Ecuador, Indonesia and Qatar have all done the same.

LONDON — Angola announced Thursday that it's leaving the OPEC oil producers cartel, coming after it battled with the group over lower production quotas this year.

As delegates at the 2023 COP28 UN climate change summit work to identify global climate actions by the Dec. 12 deadline, the head of the OPEC oil cartel urged the group’s members to block any ...