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.

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

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 ...

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 ...

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 ...

to stick with its plan - to lift production by 120,000 ... Rigzone has contacted OPEC, the American Petroleum Institute (API), the International Association of Oil & Gas Producers (IOGP), the ...

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 ...