Here’s a look at the Organization of the Petroleum Exporting Countries, headquartered in Vienna, Austria. Facts The purpose ...

Three sources said that OPEC+ would likely stick with its plan to increase oil production for a second month in a row in May.

MOSCOW, March 24. /TASS/. Russian President Vladimir Putin and President of the UAE Sheikh Mohamed bin Zayed Al Nahyan gave high praise to relations between the two countries and agreed in particular ...

Seven members of the oil producers’ alliance have agreed to new monthly reductions, ranging from 189,000 b/d to 435,000 b/d, ...

OPEC+ has announced a new schedule for seven member countries to implement additional oil output reductions to compensate for pumping above agreed levels.

Compensations until July 2026 will total 4.203 mln barrels per day. Plans were presented by seven out of eight OPEC+ countries that followed voluntary adjustments, specifically Iraq, Kuwait, Saudi ...

What's more important for crude oil markets? Forecasts of Chinese oil demand growth by leading agencies or the reality of ...

What is more important to the crude oil market? Which is more important: the growth forecasts by major agencies of Chinese oil ...