The Organization of the Petroleum Exporting Countries on Wednesday maintained its global oil demand projections for 2025 and 2026, while flagging mounting economic uncertainty amid trade tensions. The ...

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.

OPEC still expects demand to grow by 1.45 million barrels a day this year and 1.43 million barrels a day the next, with strong air travel and road mobility boosting transportation fuel consumption.