In his second inaugural address, President Donald Trump declared a national energy emergency and reiterated his intention to increase domestic oil production.

Saudi Arabia's energy minister and several of his OPEC+ counterparts held talks following Trump’s call to lower oil prices, ...

The Organisation of Petroleum Exporting Countries (Opec) was founded in Baghdad, Iraq, on September 14, 1960. Its founding member countries are ...

Trump is pressuring Saudi Arabia and other OPEC members to expand oil production in order to lower prices. TD Securities' ...

OPEC+ has yet to react to a call from U.S. President Donald Trump for lower oil prices, with delegates from the group pointing to a plan already in place to start raising oil output from April. Trump ...

Brent crude price could surge to $93 per barrel if sanctions successfully curb oil exports from Iran and Russia by a combined ...

LONDON, Jan 7 (Reuters) - OPEC oil output fell in December after two months of increases, a Reuters survey found, as a drop from the United Arab Emirates due to field maintenance and from Iran ...

Addressing the World Economic Forum, the US president pledged to apply pressure on OPEC, claiming that a drop in the price of ...

Trump’s return to the White House could mean tougher enforcement of U.S. oil sanctions against OPEC member Iran, analysts have said, potentially cutting its oil exports, which stand at more than ...

OPEC’s crude production dipped last month as ... Modest gains in Libya and Nigeria were offset by similar-sized reductions in Iran and Kuwait.

Overall, the combined output of OPEC and its allies in December totaled 40.654 million bpd, slightly lower than November’s 40.669 million bpd. Iran’s heavy crude oil price averaged $73 per barrel in ...

The president says lower prices could solve a range of problems, but finds early resistance in the oil market.