Crude traders had widely expected that OPEC+ would once again delay the restart, which it had postponed three times since first announcing a supply road map last June. Oil prices are too low for the ...

Negative tipping points for the Earth’s climate system are approaching fast, adding further urgency to climate action. But ...

which it had postponed three times since first announcing a supply road map last June. Oil prices are too low for the Saudis and many other members to cover government spending, and global markets ...

The decision ... formally paves the way for the participation of Brazil as a Member of the Charter of Cooperation between oil producing countries', OPEC highlighted. Image by gladder via iStock In ...

The cartel still expects demand to grow by 1.45 million barrels a day this year and 1.43 million barrels a day the next, ...

OPEC said on Wednesday that Kazakhstan led a sizeable jump in February crude output by the wider OPEC+, highlighting a ...

The international benchmark fell to its lowest point since 2021 after a decision by Saudi Arabia and other producers to pump ...

The Saudi-led cartel said its members ... after the OPEC oil cartel and its allies affirmed plans to gradually increase crude production beginning in April. Opening the taps in countries such ...

While it is true that Saudi Arabia has the largest spare oil production capacity globally and the largest producer among OPEC members, claiming that Saudi Arabia should maximize its production at ...

noting that half of OPEC’s member countries are from the continent, including Nigeria, the most populous African nation, and Algeria, the largest in geographical size. Other African OPEC members ...

The latest statement posted on OPEC’s site noted that “the eight countries reiterated their collective commitment to full conformity with the additional voluntary production adjustments as ...