LONDON - OPEC+ on Thursday issued a new schedule for seven member nations to make further oil output cuts to compensate for ...

Trump knows that Saudi Arabia is critical to lowering oil prices and pressuring Russia to come to the bargaining table.

The last oil price war has indebted, but not reduced U.S. shale production, while costing OPEC members $450 billion in lost ...

The Organization of the Petroleum Exporting Countries (OPEC) is an intergovernmental organization created at the Baghdad Conference in September 1960, according to the group’s website.

The international benchmark fell to its lowest point since 2021 after a decision by Saudi Arabia and other producers to pump ...

The OPEC+ group of crude oil exporters justified their decision to increase production by pointing to "the healthy market fundamentals and the positive market outlook." ...

Many more wells are no longer profitable when oil sells for $60 a barrel or less. OPEC Plus, the name used by the Organization of the Petroleum Exporting Countries and allies like Russia ...

OPEC said on Wednesday that Kazakhstan led a sizeable jump in February crude output by the wider OPEC+, highlighting a ...

Output for December 2024 was revised lower by 110 kb/d and January 2025 output was revised higher by 28 kb/d compared to last ...

Oil prices extending the move to the downside after OPEC plus announced that it will revive halted oil production in April amid pressure from President Trump. Now we're also seeing some impact ...

The profits of local oil companies affiliated with Kuwait Petroleum Corporation (KPC) will remarkably improve in the ...