OPEC+ weighs a June quota hike after UAE’s exit, but Iran war and Strait of Hormuz disruption keep real oil supplies ...

Concerns around production were amplified further last week with news of the UAE's shock departure.

The United Arab Emirates (UAE) on Tuesday announced that it will exit global oil exporting organizations OPEC and OPEC+. The ...

Emily Ashford, Head of Energy Research at Standard Chartered Bank, offered a prediction for OPEC+'s next meeting, which is scheduled to be held on November 2. Image by Yutthana Gaetgeaw via iStock In ...

Oil prices slumped on Tuesday even as gold reached new heights, triggered by expectations of rate cuts by the US Federal Reserve. Gold prices are anticipated to reach unprecedented highs in the coming ...

The Arab oil producer has long expressed frustration with the quotas it has to follow as part of OPEC, the cartel of major ...

Seven OPEC+ countries have an agreement in principle to raise ​oil output targets by about 188,000 barrels per day in June, ...

A meeting of the OPEC group of major oil-exporting countries broke up late Thursday without agreement on cutting production to head off pressure on prices from abundant reserves and slowing global ...

Discover how OPEC, the global oil cartel, influences oil prices and production in 2024. Learn about its member nations, ...