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.

MOSCOW, June 30. /TASS/. Participants of the 9th OPEC International Seminar will address a broad range of issues related to the development of the global energy sector, including both short-and ...

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 ...

"At various times in history, the IEA and OPEC have both called it quite well," he said. "I think the IEA are premature in calling for a demand peak by 2030 due to growth in developing countries." ...

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.

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… ...

Crude oil futures rose more than 1% on Thursday, after Prime Minister Benjamin Netanyahu ordered Israel’s military to ...

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, ...

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 US is now history's largest oil producer, according to S&P Global Commodities Insight. Crude and condensate production hit a new global record this quarter. "When you look back on 2008 ...

Saudi Energy Minister Prince Abdulaziz bin Salman said Thursday that OPEC+ will base any future oil production decisions on ...

The Declaration of Cooperation (DoC) between OPEC member countries and 10 non-OPEC oil-producing countries turned seven on Sunday, ... “The history of OPEC is replete with many achievements.