OPEC ministers, top energy firm CEOs and oil and gas analysts and traders gathered for the OPEC Seminar in Vienna this week.

War can lead to ‘complications on energy producers’ and hardships on national economies, Iran’s oil minister warned on ...

Iran recorded the highest increase in crude oil production among all countries in 2024, boosting its daily output by 374,000 ...

Doomsday scenarios about peaking demand or an Asian market implosion are driving current bearish oil views. While OPEC has raised production ceilings—137,000 bpd in April, 411,000 bpd in May and June, ...

Oil markets are now refocused on OPEC production as the geopolitical concerns dim somewhat following the Iran-Israel ...

TEHRAN - Iran has become the second-largest oil refiner among OPEC member states, with a daily refining capacity of 2.237 million barrels — accounting for 16 percent of OPEC’s total and 2.1 percent of ...

The Iranian military loaded naval mines onto vessels in the Persian Gulf last month, a move that intensified concerns in ...

At the Opec International Seminar in Vienna, Indian petroleum minister Hardeep Singh Puri met with Opec secretary general ...

The increase, which the group said was a response to “a steady global economic outlook,” was higher than some analysts ...

The contained move in oil prices during the Israel-Iran war highlights the increasing efficiency of energy markets and ...

Saudi Arabia is asking the companies that OPEC uses for independent analysis of oil-production levels to submit a lower figure for the kingdom’s June output, according to people familiar with the ...

With Iran's crude exports so far unaffected, the OPEC secretary-general said OPEC doesn't need to take any immediate action.