Oil prices settled slightly higher on Friday but posted a weekly decline, ending four straight weeks of gains, after U.S.

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.

Oil prices edged up on Friday but remained on track for a weekly decline after U.S. President Donald Trump announced sweeping ...

Deputy Foreign Minister Sergey Ryabkov has urged Washington to adopt a more realistic strategy towards the Ukraine conflict ...

US President Donald Trump on Thursday called for Opec-plus to help lower oil prices, continuing a pattern seen in his first term.

September 27, 2016. Oil prices rose modestly ahead of a meeting of producers from the Organization of the Petroleum Exporting Countries (OPEC) cartel and Russia in Algeria on September 28 that ...

Opec has not specified a timeline for production increases, but has stated that its actions will depend on market conditions. Oil prices, which are influenced by many factors besides supply and ...

Here’s a look at crude oil reserves and production around the world. Facts Crude oil is a form of liquid petroleum, extracted from rock formations and used for fuel and other purposes. Members of the ...