The world's top 24 oil-producing nations are considering an oil output cut ... pandemic. OPEC plus, which is comprised of the 14 nations, and OPEC plus 10 other non-OPEC members like the U.S ...

The first is that OPEC members historically cheat on their ... OPEC is likely betting that it can cut production more than the shale producers can increase production. If they had a crystal ...

This marks the cartel's first cut since 2008 and reverses its two-year strategy of pumping as much oil as desired. Additionally, Russia, which is not a member of OPEC but is one of the world's ...

Several OPEC+ members will also be postponing the unwinding of a second 1.7-million-barrels-per-day cut until the end of 2026. This latter production decline was previously only set to last ...

MOSCOW, November 30. /TASS/. OPEC member-states negotiated the oil production cut by 1.2 mln barrels daily to 32.5 mln barrels a day, Bloomberg reports on Wednesday citing an OPEC delegate.

Iran, Kuwait and Libya called on fellow OPEC members on December 18th to reduce ... $22 a barrel for 10 consecutive working days, a production cut of 500,000 b/d will automatically be triggered.

Moscow has agreed to cut oil production by 300,000 ... Forum in Algeria on September 28, the OPEC member states already agreed to limit oil production to 32.5-33.0 million barrels per day.

"You've got to bring down the oil price, you've got to end that war. They should have done it long ago," President Donald ...

OPEC member countries produce about 40% of the world’s crude oil and coordinate their decisions on how much oil to produce for the international market. If they decide to cut their production ...