For OPEC members and other Arab, African and Muslim countries, a form of reckoning is at work here, for the long U.S. history of punishing countries that decline to obey American policy dictates.

OPEC bases its projection on stronger global economic growth for 2024, estimating it will rise by 2.8%, as compared to 2.6% for 2023. By contrast, the IEA projects global economic growth to be cut ...

Oil production from OPEC and non-OPEC countries is assumed to have an impact on oil prices, ... Federal Reserve History. "Oil Shock of 1973-74." Bloomberg.

OPEC may soon lose its sway over global oil prices, IEA says By Anna Cooban, CNN ... (That’s) a major, major surplus and… might be one of the highest in the history,” Fatih Birol, ...

The OPEC letter, which was first reported by Reuters, ... As 2023 comes to a close as the hottest year in recorded history, warnings from scientists are growing more urgent, ...

The Organization of the Petroleum Exporting Countries (OPEC) on Tuesday credited the U.S. and European Union (EU) for better-than-expected economic growth in 2022 while cautioning that such progres… ...

On Oct. 17, 1973, the Arab-led Organization of Petroleum Exporting Countries announced a cut to oil exports for Israel’s allies in the Yom Kippur War. The S&P 500 traded around 109.80, and the ...