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.

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

The Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC countries have reaffirmed commitments to monitor ...

The Organisation of Petroleum Exporting Countries (OPEC) and allies, known as OPEC+, have reaffirmed commitments to monitor ...

But these changes in expectations coincided with four other major developments: a rapid increase in U.S. oil output, a significant shift in the objectives of OPEC, receding geopolitical risks, and ...

Nigeria has set a target of boosting daily production to 2.7 million barrels of crude and condensate by 2027.This was disclosed by President Bola Tinubu’s Special Adviser on Energy, Olu Verheijen, ...

President Trump is urging Saudi Arabia and OPEC to increase oil output to pressure Russia into ending the war in Ukraine, ...

ABUJA – Organisation of the Petroleum Exporting Countries (OPEC) has officially replaced Rystad Energy and the U.S. Energy Information Administration (EIA) with Kpler, OilX, and ESAI as secondary ...