After decades of membership, the United Arab Emirates has decided to quit the oil producers’ group, OPEC, in order to focus on “national interests” and forge its own path, it has said. The move is ...

African oil producer Equatorial Guinea will next week pass a new package of favorable terms for oil explorers, with the ...

OPEC+ producers are expected to leave their December oil production targets unchanged at Sunday’s meeting, according to three people familiar with the discussions cited by Reuters, as the group turns ...

The Organization of the Petroleum Exporting Countries (OPEC) lowered its forecast of global oil demand growth for this year, amid persistent risks to shipping from Iran and its proxy groups. The group ...

Add Yahoo as a preferred source to see more of our stories on Google. FILE PHOTO: An installation depicting barrel of oil with the logo of Organization of the Petroleum Exporting Countries (OPEC) is ...

Discover the surprising dynamics of global crude oil production, highlighting the roles of non-OPEC countries like the US, ...

U.S. and international crude oil futures skidded to their lowest levels in more than a year after the influential oil producing group cut its 2024 outlook, citing weakness in Chinese demand.

OPEC 12 output increased by 346 kb/d from July 2026 to August 2026, with the largest increases from Iraq (664 kb/d), UAE (54 kb/d), and Kuwait (49 kb/d).

A fresh oil production hike by OPEC+ has sent yet another clear signal to the international crude market that its focus remains firmly on a higher market share. At their meeting on Sunday, eight ...

For much of the year OPEC+, a select group of Russia-led oil producers and the Organization of the Petroleum Exporting Countries (OPEC) spearheaded by Saudi Arabia, has been upping its crude ...

Saudi Arabia reported to OPEC that its crude production jumped by a third last month, recovering from the lowest in more than three decades.

OPEC has revised ​down its ‌oil demand growth forecast for ​this year ​to 400,000 barrels per ⁠day from ​1.4 million ​bpd at the start of the ​year, in ​line with developments throughout ‌the ⁠year, ...