By Ben Aris in Berlin As its parting shot, the Biden administration imposed thetoughest sanctions yet on Russian oil. The ...

OPEC+ is unlikely to alter existing plans to raise output gradually when it meets on Monday, delegates from the producer ...

Saudi Arabia's energy minister and several of his OPEC+ counterparts held talks following Trump’s call to lower oil prices, ...

Enter Donald Trump. The new US president could call on Opec. He can pledge to ratchet up oil sanctions on Russia to the point where their impact becomes more acute: these would target not only ...

Just one week into his presidency, U.S. President Donald Trump has hinted at his approach to U.S. sanctions on Russia. First, ...

Russia's Deputy Prime Minister Alexander Novak said the group of ministers from OPEC and allies led by Russia (OPEC+) discussed Trump's call to raise production, and agreed OPEC+ will start ...

A top Russian official warned an advanced U.S. missile defense shield move could lead to military "confrontation" in space.

MOSCOW, Sept. 26 (Xinhua) -- Russia will continue to develop cooperation with the Organization of the Petroleum Exporting Countries (OPEC) and its allies known as OPEC Plus, as well as members of ...

Energy prices have had a volatile start to the year, driven by a combination of sanction and tariff risks, along with colder ...

The Organisation of Petroleum Exporting Countries (Opec) was founded in Baghdad, Iraq, on September 14, 1960. Its founding member countries are ...

OPEC's total spare capacity is 5.3 million bpd, of which 3.1 million bpd is held by Saudi Arabia, 1.1 million bpd by the UAE, ...

OPEC pumped an average of just over 27 million barrels a day in January, about 70,000 a day less than the month before.