The Organisation of Petroleum Exporting Countries (OPEC) may cut oil production output by as much as 1 million barrels per day when they meet tomorrow, some delegates said yesterday. If the ...

cajoling - to get OPEC to increase production to bring down oil prices. When OPEC+ responded not only by refusing to increase production but by actually cutting production, it was viewed in ...

Attendees at next week's OPEC+ committee meeting will have a lot to discuss as China’s reopening and the EU's Russian oil ...

The oil cartel OPEC's choice to pare back oil supply will harm the global economy and especially developing countries, U.S. Treasury Secretary Janet Yellen told the Financial Times in an interview ...

Administration officials now point to intensified opposition in Congress as a chief outcome of OPEC’s decision to slash ...

OPEC's share of the cut is 1.27 million bpd. In the report, OPEC said its crude oil output in December rose by 91,000 bpd to 28.97 million bpd, led by a rebound in Nigeria which is exempt from ...