OPEC and its wider OPEC+ alliance have agreed to keep November oil production targets unchanged, as disruptions linked ...
OPEC looks like it might be coming undone. Major members have threatened to leave, and one already has. This could eventually mean more global oil supplies, which will mean lower gasoline prices here ...
Gulf members are pumping 60% to 80% of normal export levels, leaving the oil market tight with Brent crude above $100 a barrel ...
The Iran war exposed a long-simmering feud within the world’s most powerful oil cartel, boiling over this spring when it contended with the biggest oil supply shock in history. Now OPEC, the largest ...
The United Arab Emirates announced on Tuesday that it will withdraw from the Organization of the Petroleum Exporting Countries and its broader OPEC+ alliance, effective May 1, marking the end of its ...
LONDON, July 3 (Reuters) - OPEC oil output in June rose from its lowest in more ‌than two decades, a Reuters survey found, as Gulf members began reviving supplies shut during the Iran war and ...
The decision on Sunday by the cartel of oil-producing nations and some of its allies came after the resumption of U.S. and Iranian military strikes in the Persian Gulf. By Lisa Friedman Reporting from ...
Renewed fighting between the U.S. and Iran has shattered expectations of a lasting ceasefire, reviving concerns over prolonged oil supply disruptions from the Middle East. Speculation that OPEC is ...
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Exclusive-OPEC+ delays oil capacity review after Iran war disrupts expansion plans, sources say
By Alex Lawler and Olesya Astakhova LONDON/MOSCOW, Oct 2 - An OPEC+ review to help to determine members’ 2027 oil output ...
According to a Reuters report, the move gives the group greater leverage near the Bab el-Mandeb Strait, a crucial route connecting the Red Sea with the Gulf of Aden.
Bijan Namdar Zangeneh, oil minister for Iran tells CNBC he's sure OPEC will open the doors for the Iran market's return. Got a confidential news tip? We want to hear from you. Sign up for free ...
LONDON/MOSCOW, Oct 2 - An OPEC+ review to help to determine members’ 2027 oil output quotas has been delayed after the ...
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