Saudi Arabia, the de facto leader of the oil cartel, sees advantages in increasing output despite market risks.

BRASILIA, Brazil — Brazil’s government on Tuesday approved joining OPEC+, a group of major oil-exporting nations, signaling the country’s evolution into a major oil state just nine months ahead of ...

We ... expect OPEC to implement cuts to avoid a large increase in inventories in Q1-26', SEB Chief Commodities Analyst Bjarne ...

A report released by OPEC on Wednesday revealed that Iraq continued to be the organization’s second-largest oil producer ...

OPEC+ nations are trying to reach consensus on how to adjust their oil production next month, with either a modest or more ...

The Caribbean Development Bank (CDB) has signed a landmark Memorandum of Understanding (MOU) with the OPEC Fund for ...

Vienna: The Organization of the Petroleum Exporting Countries (OPEC) on Monday maintained its relatively high forecast for ...

World oil supply is expected to closely match demand next year as the wider OPEC+ group increases production, an OPEC report ...

Iran’s crude oil production rose by 44,000 barrels per day (bpd) in September, reaching 3.25 million bpd, according to the ...

VIENNA (AP) - OPEC unexpectedly decided to leave its production levels unchanged on Wednesday, with senior officials saying their meeting ended in disarray - a stunning admission for an organization ...

NEW YORK (AP) — A group of countries that are part of the OPEC+ alliance of oil-exporting countries has agreed to boost oil production, a move some believe could lower oil and gasoline prices, citing ...