With a limited supply of sanctions-proof cargoes, discounts for Russian Urals crude to dated Brent have narrowed to ...

Venezuela, which once was one of the richest countries in Latin America, is now dealing with hyperinflation, migration and ...

As the Ukrainian News agency earlier reported, on January 23, U.S. President Donald Trump said that he intends to ask OPEC countries to lower oil prices, since a decrease in the cost of "black gold" ...

During his Friday in North Carolina speech, U.S. President Donald Trump stated that lowering oil prices by OPEC could lead to the immediate end of the conflict in Ukraine. The American leader ...

(Bloomberg) -- 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. Just days into his second ...

President Donald Trump called on OPEC states to slash oil prices as a way to get Russia to the negotiating table and bring an end to the war in Ukraine — but the move could backfire on the US ...

NEW YORK (Reuters) -Oil fell 1% on Thursday after U.S. President Donald Trump urged Saudi Arabia and OPEC to bring down its cost during his address at the World Economic Forum. Uncertainty over ...

Nigeria “should be able to negotiate an increased quota with OPEC if they can demonstrate they can sustain production.” Nigeria has grappled with the problem of oil theft and vandalism for decades, so ...

Cooking oil, once a staple, is increasingly seen as a luxury. The crisis stems not only from import duties but also from the government’s apparent disconnect with the realities of rural ...

The International Monetary Fund downgraded its growth forecasts for Saudi Arabia by more than any other major economy it tracks, citing the decision by the oil alliance OPEC+ to extend production ...

The world's largest oil-exporting nations include members of OPEC (Organization of the Petroleum Exporting Countries), a cartel that works to coordinate members' oil policies. OPEC's actions can ...