Saudi Energy Minister Prince Abdulaziz bin Salman held talks on Monday with his Iraqi and Libyan counterparts, Hayan ...

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.

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 and its allies pump almost half of the ... Meanwhile, OPEC+ has a history of underestimating gains in US oil production. This was evident during the US shale oil boom more than a decade ...

This means oil prices will fall unless Saudi Arabia unilaterally cuts its output, as it did in 2008 to engineer the biggest output cutback in Opec history after Brent crude fell below $100 during ...

ASHEVILLE, NC., Jan 24 (Reuters) - U.S. President Donald Trump on Friday reiterated his call for OPEC to cut oil prices to hurt oil-rich Russia's finances and help bring an end to the war in Ukraine.

The president's remarks follow an announcement by Saudi Arabia's Crown Prince that the kingdom will invest $600 billion in the US.

U.S. President Donald Trump has raised the stakes for a meeting of an OPEC+ ministerial panel next month, with his call for the group to lower oil prices. Just days into his second term, Trump ...

This is well below pre-pandemic growth rates. At the same time, OPEC foresees an increase of 2.1 mb/d this year and 1.8 mb/d next year, a level of disagreement that seems unusually high.