In 1960, frustrated by Western control over the world’s oil industry, five of the world’s top oil-producing nations created the Organization of the Petroleum Exporting Countries, or OPEC.

President Donald Trump called on OPEC states to slash oil prices as a way to get Russia to the negotiating table and bring an end to the war in Ukraine — but the move could backfire on the US ...

OPEC forecast on Wednesday world oil demand in 2026 will rise at a similar rate to this year, while reducing its figure for ...

Crude futures are headed for weekly declines after U.S. President Trump outlined plans to boost domestic production and said ...

OPEC insists that year-over-year demand growth ... But this premium has narrowed to its lowest level since February, which is not exactly a sign of a pending demand boom. Global oil inventories ...

Crude oil futures fell on Thursday after President Donald Trump said he will ask Saudi Arabia and OPEC to reduce prices. Trump claimed the Saudis and OPEC were responsible for fueling the war in ...