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.

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

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 ...

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 ...