OPEC initially began with five countries, which are Iran, Iraq, Venezuela, Saudi Arabia, and Kuwait, to end the dominance of the so-called ‘seven sisters’ Western oil companies and maintain stable oil ...

The recent decision to pause production increases by the Organisation of the Petroleum Exporting Countries and allies ...

A study by Reuters revealed on Thursday that OPEC's production declined in November, despite an OPEC+ agreement to increase ...

Some members such as the United Arab Emirates have increased their capacity and would like higher production targets, while ...

OPEC output dipped in November despite planned increases, as outages in Nigeria and Iraq limited production gains.

OPEC+ left early-2025 production targets unchanged but approved a major new mechanism to reassess each member’s maximum ...

Global oil markets are again showing the impact of emotions and misinterpretation. The so-called surprise production increase taken by eight (8) leading members of OPEC is, in principle, not relevant ...

The Organisation of the Petroleum Exporting Countries (OPEC) reportedly pumped 28.40 million barrels per day last month, down ...

LONDON, Sept 30 (Reuters) - OPEC oil output has risen for a third month in September, a Reuters survey found, as a restart of some Libyan installations and higher Iranian exports offset strong ...

With Iran's crude exports so far unaffected, the OPEC secretary-general said OPEC doesn't need to take any immediate action. Image by wildpixel via iStock Key OPEC+ nations added less oil to the ...

Jimsar shale oil demonstration zone in Xinjiang has reached its annual crude output goal of 1.7 million tonnes 22 days ahead ...

The oil producers’ group maintained plans to keep output levels unchanged at its latest meeting, as market fears over a ...