Donald Trump has a long history of criticising OPEC for high energy costs, which continued shortly after his inauguration. He called on Saudi Arabia and its allies to reduce oil prices. OPEC+ has ...

In 1960, frustrated by Western control over the world’s oil industry, five of the world’s top oil-producing nations created the Organization of the Petroleum Exporting Countries, or OPEC.

LONDON, Jan 15 (Reuters) - OPEC forecast on Wednesday world oil demand in 2026 will rise at a similar rate to this year, while reducing its figure for 2024 for a sixth time, following economic ...

OPEC, or the Organization of the Petroleum Exporting Countries, serves as an organizing body of the world's largest producers of oil. Its purpose, per its website, is to "coordinate and unify the ...

September 27, 2016. Oil prices rose modestly ahead of a meeting of producers from the Organization of the Petroleum Exporting Countries (OPEC) cartel and Russia in Algeria on September 28 that ...

This means oil prices will fall unless Saudi Arabia unilaterally cuts its output, as it did in 2008 to engineer the biggest output cutback in Opec history after Brent crude fell below $100 during ...

Global oil markets will face a widening glut in 2026 as OPEC brings back production and output from the US, Canada and Guyana continues to grow, the US government said in its first set of ...

After oil production in the United States reached it's highest levels in history in 2023 under President Biden, multiple OPEC nations began pushing for production increases to compete with the U.S ...

ABUJA – Organisation of the Petroleum Exporting Countries (OPEC) has officially replaced Rystad Energy and the U.S. Energy Information Administration (EIA) with Kpler, OilX, and ESAI as secondary ...

Iranian president calls for solidarity from OPEC Iran says unilateral sanctions on oil would destabilise market OPEC secretary general visits Iran, OPEC says on X DUBAI, Feb 5 (Reuters ...

Donald Trump has a long history of criticising OPEC for high energy costs, which continued shortly after his inauguration. He called on Saudi Arabia and its allies to reduce oil prices.

Iran Calls for OPEC to Unite Against Potential US Oil Sanctions By Elwely Elwelly DUBAI (Reuters) - Iran's President Masoud Pezeshkian urged OPEC members to unite against possible U.S. sanctions ...