The move caps a dramatic month in oil markets, riven by concerns of a supply glut and uncertainty over sanctions on Russian ...

Members of the Organization of Petroleum Exporting Countries and their allies decided over the weekend to boost oil output by ...

Global oil demand will peak by 2029 and begin to contract the following year while the U.S. and other non-OPEC countries add ...

OPEC Secretary General Haitham Al Ghais speaks exclusively to CNBC’s Dan Murphy at ADIPEC in Abu Dhabi. He discusses OPEC’s ...

There are currently serious fears about a glut in the oil markets – too much oil. And an abundance of oil has the effect of ...

Eight members of the oil cartel agreed on Sunday to a small increase but said they would now pause in adding more oil, reflecting market concerns about an oversupply.

"We are making sure we maintain the supply demand balance", Ghais added at a panel at ADIPEC energy conference in Abu Dhabi ...

OPEC raised oil production slightly last month as key members began gradually restarting another layer of halted supplies, according to a Bloomberg survey.

OPEC's oil output rose further in October after an OPEC+ agreement to raise production, a Reuters survey found on Tuesday, ...

Oil faces oversupply pressure, but China is absorbing global crude with aggressive stockpiling; the market awaits when the ...

Iraq was in negotiations over the size of its quota within its available capacity of 5.5 million barrels per day.

Discover how OPEC, the global oil cartel, influences oil prices and production in 2024. Learn about its member nations, history, challenges, and current strategies.