U.S. President Donald Trump on Friday reiterated his call for OPEC to cut oil prices to hurt oil-rich Russia's finances and ...

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+, which includes Saudi Arabia as the dominant member of the OPEC producers' cartel, and Russia as the leading non-OPEC member in the 23-country alliance, is holding an online meeting over ...