Here’s why oil prices are climbing to their highest levels in two weeks, despite a group of oil producers agreeing to open ...

Researchers at Enverus Intelligence Research have taken a close look at the outlook for oil and gas prices for their latest Fundamental Edge report and find bearish market sentiment may not be ...

January 1, 2016-November 30, 2016 - Indonesia rejoins OPEC, but suspends its membership after 11 months. July 2016 - Gabon rejoins OPEC. May 25, 2017 - Equatorial Guinea joins OPEC.

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 ...

Amid the squeeze on OPEC, the United States is thriving as an oil producer, accounting for 80 percent of the global supply increase in 2023, according to the I.E.A.

OPEC's cuts have supported oil prices at around $50-$75 per barrel over the past year. Brent crude futures on Thursday extended this week's gains to trade above $63 per barrel.

The oil cartel known as OPEC Plus said it would continue the strategy agreed to in July, rubber-stamping a 400,000-barrel-a-day production increase for April.

OPEC and its oil-producing partners have rebuffed President Joe Biden’s calls for increased production amidst rising fuel prices, retorting that if the United States believes the world’s ...

By 2050, OPEC and Russia are projected to make up 58% of output. “Things may turn around, but there’s such a deficit of investment, it will take time to come back from that,” Wald said.

OPEC estimates that its member countries hold about 80 per cent of the world’s proven oil reserves. Because of its large market share, the decisions OPEC makes can affect global oil prices.

OPEC, allies move to slash oil production, eliciting blistering White House response White House officials reacted after the OPEC Plus coalition moved to curb production in response to falling prices ...

OPEC’s production, meanwhile, has been declining. The group booked dips for both December and January, with the January rate down by 50,000 bpd from December’s daily average of 26.53 million ...