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

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

The Organization of the Petroleum Exporting Countries wants to regain market share lost to U.S. shale producers, Brazil and Guyana.

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

Ignoring OPEC’s warning could affect the entire world. The clean energy shift requires urgent and massive investment in oil ...

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

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

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

The International Atomic Energy Agency (IAEA) and the OPEC Fund for International Development (OPEC Fund) have strengthened their partnership through a new Memorandum of Understanding (MoU) signed ...

Nigeria’s crude oil production declined to 1.39 million barrels per day (bpd) in September 2025, marking a second consecutive month ...

The Organization of the Petroleum Exporting Countries (OPEC) is moving to appoint "one of the top consultants" to visit ...

KUWAIT CITY • OPEC members and non-cartel nations are leaving open the possibility of a six-month extension on a deal to reduce oil production, according to a statement Sunday by a committee of ...