The oil cartel known as OPEC Plus said it would continue the strategy agreed to in July, rubber-stamping a 400,000-barrel-a-day production increase for April.

Nov. 13, 2012 -- Drillers in Utah and Colorado are poking into a massive shale deposit trying to find a way to unlock oil reserves that are so vast they would swamp OPEC.

OPEC raised its world oil demand forecasts for the medium and long term in an annual outlook, and said $14 trillion of investment is needed to meet this demand even as renewable fuel use grows and ...

Oil Producers Aren’t Keeping Up With Demand, Causing Prices to Stay High OPEC Plus, the United States and others have been slow to ramp up output, lagging production goals. Share full article 202 ...

OPEC has raised its 2023 global oil demand growth forecast in its first upward revision for months, due to China's relaxation of COVID-19 restrictions, and trimmed supply forecasts for Russia and ...

Oil-consuming nations wait with bated breath as the OPEC cartel meets once again this week to decide whether to pump more crude into the market to tame runaway prices. After Russia’s invasion of ...

Oil prices slipped below $100, and shortly thereafter OPEC engaged in a price war to regain market share. The group rapidly ramped up production, and that sent the price of oil reeling.

VIENNA — OPEC decided not to cut oil production to boost falling prices, sending benchmark crude plunging to a four-year low. Brent crude, the international benchmark, fell more than $6, to $71. ...

The Organization of the Petroleum Exporting Countries (OPEC) produced less crude oil in May than its laid out plans. According to the data published by OPEC, the cartel increased its production ...

The Organization of the Petroleum Exporting Countries (OPEC) is a group of oil-rich countries that together control nearly 40 percent of the world’s oil supply. Russia’s war in Ukraine has ...

The oil price outlook is being hit with more bearish forecasts on the back of U.S. President Donald Trump's sweeping and market-hammering tariff announcements. Markets were therefore stunned when ...