Oil prices havestabilised at pre-Middle East conflict levels following the start of the ceasefire. Expanding the oil supply further, however, could prove to be a critical test. “The weekly US ...

OPEC has denied accreditation to five leading Western media outlets for its Vienna meeting, reviving tensions over press ...

CNBC's Brian Sullivan reports on news regarding OPEC's international seminar. With new power, Trump will move immediately to ...

This was the first OPEC meeting since US President Joe Biden visited Saudi Arabia last month. Biden urged the country — which is the group’s biggest oil producer — to start pumping more.

At the latest OPEC and non-OPEC ministerial meeting, which took place via videoconference on December 4, 2022, OPEC+ decided to hold production steady, OPEC’s website revealed.

Mr. Bronze said OPEC Plus would most likely agree on Sunday to extend voluntary cuts of 2.2 million barrels a day by eight of the group’s members, including Saudi Arabia and Russia.

OPEC and its allies are unlikely to deepen supply cuts at their ministerial meeting on Sunday despite a fall in oil prices toward $70 per barrel, four sources from the alliance told Reuters.

The highly-anticipated OPEC meeting will take place this week, but unlike the last few meetings, the hype and excitement is much less palpable. That is largely because the end result is thought to ...

So, what might come out of the OPEC meeting in Vienna? If the cartel agrees to a production cutback, Kingston said it could nudge U.S. oil and gas prices higher, at least in the short term.

If OPEC Plus keeps the squeeze on output, price pressures could build this summer, analysts say. Even Iran’s additional production may not radically change that picture.

A separate statement posted on OPEC’s site on the same day revealed that OPEC+ countries which announced voluntary cuts in April 2023 and November 2023 - including Saudi Arabia, Russia, Iraq ...