OPEC oil output fell in December after two months of increases, a Reuters survey found, as a drop from the United Arab ...

OPEC has the ability to adjust its production levels to maintain or raise global oil prices. Due to high production growth from the U.S., Canada, and Guyana over the past three years, OPEC has ...

September 27, 2016. Oil prices rose modestly ahead of a meeting of producers from the Organization of the Petroleum Exporting Countries (OPEC) cartel and Russia in Algeria on September 28 that ...

OPEC's position in the oil market is slipping, and next year's massive supply glut will likely further loosen the cartel's grip. According to the International Energy Agency, OPEC+ faces a sizable ...

Donald Trump has criticised the Opec oil producers' group, saying crude prices are "artificially very high". In a tweet, the US President said this was "no good" and "would not be accepted".

In a monthly report, OPEC said it expects 2024 global oil demand to rise by 1.61 million barrels per day (bpd), down from 1.82 million bpd last month. OPEC also cut its 2025 growth estimate to 1. ...