On Wednesday, the 23-member group of the Organization of Petroleum Exporting Countries (OPEC) and its allies, known as OPEC , ...

cajoling - to get OPEC to increase production to bring down oil prices. When OPEC+ responded not only by refusing to increase production but by actually cutting production, it was viewed in ...

The Organisation of Petroleum Exporting Countries (OPEC) and its oil-exporting allies known as OPEC+ yesterday announced a two million barrel per day cut in oil production. The oil cartel also ...

OPEC's share of the cut is 1.27 million bpd. In the report, OPEC said its crude oil output in December rose by 91,000 bpd to 28.97 million bpd, led by a rebound in Nigeria which is exempt from ...

The panel, called the Joint Ministerial Monitoring Committee (JMMC), can call for a full OPEC+ meeting if warranted ...

Saudi Arabia's Crown Prince Mohammed bin Salman at the G-20 Leaders' Summit in Buenos Aires in 2018. (Ricardo Mazalan/AP) ...