The economy is at risk of recession or stagflation. Read why this could lead to significant impacts for the oil industry.

OPEC may have a problem with that ... helped significantly by pandemic demand destruction since it happened in spring 2020. That price war ended by setting the stage for the creation of OPEC+.

OPEC’s secretary general ... particularly during his first term from 2016 to 2020, when he urged the group to boost production to offset the decrease in Iranian oil supplies caused by U.

Without sustainability, resource-rich nations will face a curse: economic volatility and worsening inequality. Just as oil dependence led to price shocks and social disparities, Indonesia must ensure ...

The U.S. banking and financial sector is at risk of a significant downturn if a recession unfolds in early 2025. Click here ...

United Arab Emirates Energy Minister Suhail Al Mazrouei said on Wednesday he expects Trump to take a pragmatic approach towards Opec, noting the president’s co-operation with the group’s efforts to ...

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OPEC+ finally grasps the nettle and is finally raising output quotas for a subset of participants that engaged in "voluntary" cuts.

Muhammad Ali Tamim, Iraq’s deputy prime minister and minister of planning, says the decision to raise production will be examined strictly according to the interests of OPEC. House censures Al ...

HOUSTON, March 03, 2025 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced an offer to exercise its outstanding publicly traded warrants (the “Warrants”) at a temporarily reduced price (the ...

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