OPEC said on Wednesday that Kazakhstan led a sizeable jump in February crude output by the wider OPEC+, highlighting a challenge for the producer group in enforcing adherence to agreed output targets.

Here’s a look at the Organization of the Petroleum Exporting Countries, headquartered in Vienna, Austria. Facts The purpose of OPEC is to “coordinate and unify the petroleum policies of its Member ...

Output for December 2024 was revised lower by 110 kb/d and January 2025 output was revised higher by 28 kb/d compared to last ...

OPEC+ on Thursday issued a new schedule for seven member nations to make further oil output cuts to compensate for pumping ...

The Organization of the Petroleum Exporting Countries (OPEC) is an intergovernmental organization created at the Baghdad Conference in September 1960, according to the group’s website.

The Organization of the Petroleum Exporting Countries (OPEC) on Wednesday affirmed its growth outlook for oil demand and ...

Many more wells are no longer profitable when oil sells for $60 a barrel or less. OPEC Plus, the name used by the Organization of the Petroleum Exporting Countries and allies like Russia ...

OPEC Plus says it will go ahead with its plan to increase crude-oil supply. The decision by the oil-producing group of countries follows pressure from US President Trump on OPEC to bring down prices.

Since last year, OPEC Plus has signaled its intention to pump more oil, but doing so now in the midst of turbulence from a trade war between the United States and various partners surprised some ...

The increase is the first since 2022 from OPEC+, which includes the Organization of the Petroleum Exporting Countries, plus Russia and ... with the April increase, OPEC said.

In a monthly report, the Organization of the Petroleum Exporting Countries said OPEC+, which includes OPEC plus Russia and other allies, in February raised output by 363,000 barrels per day to 41. ...