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.

So what kind of relationship, I'm wondering, do you expect between the US and say, OPEC over the next four years. Related: Energy-efficient tax credits explained Will Gray: That's a great question.

OPEC highlights the importance of oil market stability for investment and global economic growth. At the India Energy Week, OPEC's Secretary General emphasized that oil remains crucial to energy ...

OPEC Secretary General highlights the necessity of oil for energy security and economic growth, advocating for a balanced ...

Standard Chartered has argued that Trump is unlikely to get his wish to force OPEC to cut the oil price, nting that ..

Asked about Trump's comments, Saudi Economy Minister Faisal al-Ibrahim told a panel at the World Economic Forum in Davos on Friday that Saudi Arabia and OPEC were seeking long-term oil market ...

The Organisation of the Petroleum Exporting Countries has expressed optimism that the Dangote Petroleum Refinery can lower petrol prices in Nigeria.This is even as the refinery is asking the Federal ...

ASHEVILLE, NC., Jan 24 (Reuters) - U.S. President Donald Trump on Friday reiterated his call for OPEC to cut oil prices to hurt oil-rich Russia's finances and help bring an end to the war in Ukraine.

President Donald Trump claimed the Saudis and OPEC were responsible for fueling the war in Ukraine through higher oil prices. He said the war would end if crude prices were slashed. "I'm also ...

According to OPEC's World Oil Outlook 2024, global oil demand is expected to exceed 120.1mln barrels per day by the end 2050, ...

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 ...

According to the oil cartel's direct communication data, Nigeria recorded 1,539 million barrels per day in January from 1,485 million recorded in December 2024, an increase of 54,000 barrels.