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.

LONDON, Jan 15 (Reuters) - OPEC forecast on Wednesday world oil demand in 2026 will rise at a similar rate to this year, while reducing its figure for 2024 for a sixth time, following economic ...

11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient The Organization of Petroleum Exporting Countries (OPEC) has released its latest Monthly Oil Market ...

The meeting of top ministers from the Organization of the Petroleum Exporting Countries and allies led by Russia, or OPEC+, is scheduled for 1300 GMT on Monday, days after Trump called on OPEC and ...

OPEC, or the Organization of the Petroleum Exporting Countries, serves as an organizing body of the world's largest producers of oil. Its purpose, per its website, is to "coordinate and unify the ...

This is well below pre-pandemic growth rates. At the same time, OPEC foresees an increase of 2.1 mb/d this year and 1.8 mb/d next year, a level of disagreement that seems unusually high.

September 27, 2016. Oil prices rose modestly ahead of a meeting of producers from the Organization of the Petroleum Exporting Countries (OPEC) cartel and Russia in Algeria on September 28 that ...

Analysts expect oil prices to be down on average this year from 2024 due in part to production increases from non-OPEC countries. "We are holding to our forecast for Brent crude to average $76/bbl ...