After the UAE's exit, Iraq has become the latest OPEC member to challenge the oil cartel's production quotas. Iraq, the ...

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In its World Oil Outlook 2026, the producer group said global oil demand will climb from 105.1 million barrels per day in ...

Tensions between the United Arab Emirates and OPEC have been building well before Tuesday's sudden departure of the group's third-biggest producer, having chafed for years at OPEC's per-country ...

LONDON (Reuters) -World oil supply is expected to closely match demand next year as the wider OPEC+ group increases production, an OPEC report showed on Monday, marking a change from last month's ...

OIL ministers from Organisation of Petroleum Exporting Countries (OPEC) members were yesterday confident that the market was on the path of recovery. “The market is improving,” Iraq’s Deputy Oil ...