The global oil market is keeping a close eye on the Organization of Petroleum Exporting Countries (OPEC), which is unwinding output cuts at a faster rate than originally planned to punish over ...

OPEC-Plus’s plan to hike production by 411,000 barrels of oil per day in July comes after its recent daily increases totaling 530,000 barrels for the purpose of curbing American production and ...

OPEC has a very different agenda than Trump and is not going to do what he wants just because he asks nicely.

OPEC raised its forecasts for world oil demand for the medium and long term in an annual outlook, citing growth led by India, Africa and the Middle East and a slower shift to electric vehicles and ...

OPEC's latest World Oil Outlook (WOO) 2024 makes it clear: peak oil demand is not on the horizon. Despite ongoing discussions around transitioning to renewable energy, OPEC forecasts global oil ...

Brazil will start the process of joining the Organization of Petroleum Exporting Countries Plus (OPEC+) alliance this January. OPEC announced the development after a virtual ministerial meeting ...

OPEC has raised its 2023 global oil demand growth forecast in its first upward revision for months, due to China's relaxation of COVID-19 restrictions, and trimmed supply forecasts for Russia and ...

Analysts at Goldman Sachs offered their views on what OPEC may do this year.

Led by Saudi Arabia, the oil cartel OPEC Plus pledged to reduce output by two million barrels a day.

This paper studies the historical importance of OPEC for oil price fluctuations. An event-study approach is used to identify the effects of OPEC announcements on oil price fluctuations. Results show ...

The secretary general of oil producers group OPEC, Mohammad Barkindo, has died, the boss of Nigerian National Petroleum Corp (NNPC) announced on Wednesday.

September 14 marks the 60th anniversary of the founding of the Organization of Petroleum Exporting Companies (OPEC). OPEC is known for shifting the oil market, sometimes to the detriment of ...