Eight OPEC countries met virtually on February 1 'to review global market conditions and outlook', a statement posted on OPEC ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

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ALMATY – Eight OPEC+ member countries have reaffirmed their commitment to oil market stability, citing a steady global economic outlook and healthy market fundamentals reflected in relatively low ...

OPEC said on Monday in a post on X that it had received updated output compensation plans from Iraq, the UAE, Kazakhstan, and ...

OPEC announced on Monday that it has received a revised compensation plan from Iraq to address its previous excess production.

Eight major participants, spearheaded by Saudi Arabia and Russia, reconfirmed the suspension — initially established in ...

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 ...