Several months after President Joe Biden promised Saudi Arabia would suffer "consequences" after the Saudi-led OPEC+ oil ...

OPEC and its allies, known collectively as OPEC+, announced hefty output cuts late last year to shore up the market against a ...

VIENNA: A committee of major oil producers recommended Wednesday to maintain OPEC's (Organization of Petroleum Exporting ... Collectively known as OPEC+, the group said at the time the move — the ...

OPEC’s crude oil production fell in January by around 60,000 barrels per day (bpd) due to cuts by top producer Saudi Arabia ...

OPEC and Russia Stick with Production Cuts In more oil-market-specific news ... producers concurred that the two-million-barrel daily output cut should stand. Introduced to support the market, the ...

ANKARA – Organization of the Petroleum Exporting Countries (OPEC) and allies, known as OPEC+, agreed on Wednesday to adhere ...

Yesterday, the Biden administration edged closer to a deal which would turn on the spigot of American oil. Environmental ...

Leading oil officials on Wednesday recommended to maintain the current oil output policy of OPEC+, the Organization of the Petroleum Exporting Countries ...

The oil cartel urged all participating countries to adhere to the directivesCrude oil prices reversed their losses on Thursday after the Organisation of Petroleum Exporting Countries (OPEC) agreed to ...

A committee of major oil producers recommended Wednesday to maintain the cartel's current reduced output strategy, as the global economic outlook remains uncertain and the war in Ukraine drags on.

Experts say the decision by Saudi Arabia, Russia and other major oil producers could be motivated by a desire to maintain ...