OPEC Secretary General Haitham Al Ghais said on Monday the collective decision to cut output in October was the right move ...

The IEA's executive director, Fatih Birol, expects half of global oil demand growth to come from China this year as Beijing ...

The Secretary General of OPEC believes the OPEC+ group deserves recognition for its role in maintaining oil market stability ...

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

A panel of OPEC+ energy ministers Wednesday said the group of petrostates would continue cutting oil production, amid uncertainties about demand in China and the impact of sanctions on Russian ...

A committee of major oil producers recommended Wednesday to maintain the cartel's current reduced output strategy, as the global economic outlook remains uncertain and the war in Ukraine drags on.

OPEC’s crude oil production fell in January by around 60,000 barrels per day (bpd) due to cuts by top producer Saudi Arabia ...

Wednesday’s meeting was going to be an affirmation that oil prices are where the cartel, made up of Saudi-led OPEC and Russia-led ... by last year’s production cut of a headline 2 million ...

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 ...

Saudi Arabia unexpectedly raised oil prices for its main market of Asia, while also lifting those for US and European ...

Output from OPEC and allies including Russia, known collectively as OPEC+, increased for most of 2022 as demand recovered. For November, with oil prices weakening, the group made its largest cut ...