Concerns around tariffs and conflicts in the Middle East and Ukraine have taken a backseat to more fundamental factors ...

Saudi Arabia, Russia and their oil-producing allies announced on Sunday that they would cut production by more than 1.2 million barrels of crude a day, or more than 1 percent of world supplies, in ...

The eight OPEC+ nations on Saturday agreed to increase their crude oil production by 548,000 barrels per day starting in August.

OPEC is implementing a long-term strategy to regain market share and maintain high oil prices, leveraging geopolitical factors and a slowdown in non-OPEC discoveries, despite earlier predictions of ...

“This latest OPEC bust-up highlights important changes in oil marketing strategy that are starting to spread across the global oil patch,” said Jim Krane, a fellow at Rice University’s Baker ...

OPEC+ made no changes to plans to start gradually reviving oil production towards the end of the year, despite signs of an impending surplus. A statement from 23-nation the group after an online ...

Saudi Arabia is asking the companies that OPEC uses for independent analysis of oil-production levels to submit a lower ...

OPEC was the last of the three agencies to present its monthly update of its forecasts this week, Commerzbank's commodity ...

Standard Chartered believes the market significantly overestimates OPEC's spare oil production capacity, suggesting a ...

Exactly 55 years ago this month, Nigeria joined Organization of Petroleum Exporting countries, OPEC, the global club using ...

OPEC and its allies on Thursday decided to gradually boost oil production in anticipation of a rebound in crude demand over the summer. Fayez Nureldine/AFP via Getty Images hide caption ...