The oil cartel aims to stabilize prices in a changing geopolitical environment. Oil producers in the OPEC+ group this weekend ...

MSC is typically defined by OPEC as the average maximum crude oil production that can be brought online within 90 days and sustained continuously for one full year, including all planned maintenance ...

Oil prices climbed on Thursday, with WTI oil ending the day with an increase of roughly 1%, trading at $59.70 a barrel. The ...

OPEC+ agreed to leave oil output levels unchanged for the first quarter of 2026 at its meetings on Sunday as the group slows ...

OPEC's oil output edged lower in November, despite an OPEC+ agreement to raise production for the month, due to outages in some members, a Reuters survey found on Thursday, bringing supply from the ...

Oil prices rose more than 1% on Monday following drone attacks by Ukraine, the closure of Venezuelan airspace by the United ...

Crude oil rose after OPEC+ held production steady and operations at the Black Sea terminal of the Caspian Pipeline Consortium ...

President Trump's ultimatum to President Maduro escalates tensions as Venezuela struggles with economic collapse and mounting ...

OPEC member Saudi Arabia has slashed its crude oil selling price to Asia for January 2026 to a five-year low amid rising ...

OPEC+ paused production increases, postponing quota decisions to manage fragile cohesion, geopolitical risks, and a ...

OPEC’s secretary-general pushed back against reports of a 2026 oil surplus, insisting the market will remain balanced despite rising non-OPEC supply.

On the eve of a contentious OPEC meeting in the 1980s, one of the cartel’s top officials penned a poem that caused quite a ...