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 ...

The Organisation of Petroleum Exporting Countries (OPEC) may cut oil production output by as much as 1 million barrels per day when they meet tomorrow, some delegates said yesterday. If the ...

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 ...

Attendees at next week's OPEC+ committee meeting will have a lot to discuss as China’s reopening and the EU's Russian oil ...

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 ...

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