OPEC+ on Thursday issued a new schedule for seven member nations to make further oil output cuts to compensate for pumping ...

The Organization of the Petroleum Exporting Countries (OPEC) is an intergovernmental organization created at the Baghdad Conference in September 1960, according to the group’s website.

Russia's central bank has warned the Kremlin's policy makers the United States and OPEC have the capacity to flood the oil ...

Many more wells are no longer profitable when oil sells for $60 a barrel or less. OPEC Plus, the name used by the Organization of the Petroleum Exporting Countries and allies like Russia ...

OPEC said on Wednesday that Kazakhstan led a sizeable jump in February crude output by the wider OPEC+, highlighting a challenge for the producer group in enforcing adherence to agreed output targets.

Oil prices extending the move to the downside after OPEC plus announced that it will revive halted oil production in April amid pressure from President Trump. Now we're also seeing some impact ...

Since last year, OPEC Plus has signaled its intention to pump more oil, but doing so now in the midst of turbulence from a trade war between the United States and various partners surprised some ...

Output for December 2024 was revised lower by 110 kb/d and January 2025 output was revised higher by 28 kb/d compared to last ...

Production growth is what is driving Vitesse revenue growth against tougher comps in terms of price. Our concern primarily with Vitesse at this point is just the dynamics in oil prices, to which ...

The profits of local oil companies affiliated with Kuwait Petroleum Corporation (KPC) will remarkably improve in the ...

The Russian central bank warned Kremlin policymakers that the United States and OPEC could flood the oil markets and cause a ...