Oil-exporting states have been under pressure from US President Donald Trump to slash prices, though analysts have said the ...

OPEC and its allies are once again faced with a difficult choice next week--extend production cuts or increase its own market ...

Eight OPEC+ member countries will go forward with plans to increase oil production amid President Donald Trump’s calls for reducing the cost of oil. The organization, headed by Saudi Arabia and Russia ...

Oil prices fell on Monday afternoon to their lowest level of the year after the OPEC oil cartel and its allies affirmed plans ...

As OPEC+ debated whether to keep oil output steady due to weak global demand or pump more in response to internal pressure ...

Members of the Organization of Petroleum Exporting Countries will revive oil production in April, committing to a deadline energy experts assumed was headed for a delay. The coalition and allies ...

Oil prices fell sharply as OPEC unexpectedly said that it would go ahead with already-delayed plans to gradually increase output from April. Excess supply has been expected for 2025 for some time, and ...

Low demand in China and an ongoing production boom among non-OPEC members have made it difficult for the cartel to achieve higher prices. Still, given that OPEC economies are highly dependent on ...

OPEC's headquarters, the Saudi government communications office and the office of Russian Deputy Prime Minister Alexander Novak did not immediately respond to requests for comment. The three ...