A key player in the oil industry and central to producer-consumer relations, the Organization of the Petroleum Exporting Countries (OPEC) was formed by major oil exporters to stabilize prices and ...

Crude oil futures fell Monday, with the Brent benchmark settling at its lowest level since late March as Middle East tensions faded, with the market starting to re-focus on supply and demand as ...

Oil market watchers are once again turning to the Organization of the Petroleum Exporting Countries for clues on whether it will act to temper price volatility and supply risks amid escalating ...

At ADIPEC in Abu Dhabi, leaders emphasized investment over transition, arguing that energy demand will keep rising for oil, ...

At the same time, OPEC noted that OPEC's share in global exports could decline slightly by 2030 due to increased supply from Latin American countries, the United States, and Canada MOSCOW, September ...

DUBAI/BAGHDAD/LONDON, Oct 29 (Reuters) - Gulf OPEC producers the United Arab Emirates and Kuwait, as well as Iraq, are debating whether they should roll over existing oil supply cuts into 2021, as ...

U.S. shale oil and gas innovations have reversed the global energy power balance since the 1970s, now guiding Middle Eastern producers like Saudi Arabia and the UAE as they pursue their own shale ...

SINGAPORE (Reuters) - Middle East crude exports to Asia Pacific are expected to rise by 7.5 million barrels per day (bpd) between 2016 and 2040 to fuel growth in emerging economies led by India and ...

"The agenda comprises the current status of the global oil market and prospects of its development in the light of aggravation in the Middle East," Yury Ushakov noted MOSCOW, June 17. /TASS/. Russian ...

Major global oil producers in the group known as OPEC+ did exactly what U.S. President Donald Trump has been asking for — and American oil producers may be the ones to soon pay the price. The group, ...