OPEC held its biennial seminar over July 9-10 in Vienna. Ministers representing OPEC countries, their allies and key consumers were joined by oil and gas CEOs, policymakers, analysts and members of ...

A handful of countries in the OPEC+ oil-producing alliance are planning to increase their outputs modestly next month.

Add Yahoo as a preferred source to see more of our stories on Google. FILE PHOTO: An installation depicting barrel of oil with the logo of Organization of the Petroleum Exporting Countries (OPEC) is ...

The crisis in the Strait has forced Iraq to reassess its participation in OPEC, the cartel-like organization of petroleum-producing countries founded to coordinate prices and supply in the market.

This voice experience is generated by AI. Learn more. This voice experience is generated by AI. Learn more. Oil storage facility in Msaffah industrial district in Abu Dhabi, United Arab Emirates. The ...

OPEC, alongside seven participating countries including Saudi Arabia and Russia, announced a production adjustment of 188,000 barrels per day (bpd) to support market stability. This move represents ...

The United Arab Emirates informed OPEC that its oil production surged by 80% last month as Abu Dhabi found workarounds for ...

In a blockbuster announcement last week, the United Arab Emirates announced that it would leave the Organization of Petroleum Exporting Countries (OPEC) on May 1. The UAE has been a member of the oil ...

The Iran war exposed a long-simmering feud within the world’s most powerful oil cartel, boiling over this spring when it contended with the biggest oil supply shock in history.

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

The Organization of the Petroleum Exporting Countries further lowered its global oil-demand growth forecast for this year, as ...