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.

The increase in Iran and Venezuela’s crude output has been slowing lately, so I expect OPEC other 8 output to eventually slow to an annual rate of 200 kb/d or less by 2028. OPEC expects a bigger ...

OPEC explained that it was required for better reflection of the gap between supply from OPEC+ countries and non-OPEC+ nations. In particular, non-OPEC+ countries will boost oil supplies by 1.2 ...

So what kind of relationship, I'm wondering, do you expect between the US and say, OPEC over the next four years. Related: Energy-efficient tax credits explained Will Gray: That's a great question.

By Rebecca F. Elliott Oil prices fell on Monday afternoon to their lowest level of the year after the OPEC oil cartel and its allies affirmed plans to gradually increase crude production beginning ...

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 ...

Other African OPEC members include Congo ... gaps in citizens’ access to clean cooking fuel and electricity. He explained that for Nigeria, gas is not just a transition fuel but a better ...

Both the International Energy Agency (IEA) and the Organisation of the Petroleum Exporting Countries (Opec) talk about demand when they make forecasts as to the state of the oil sector in China ...

He explained that OPEC's priorities include supporting and ensuring global oil market stability to secure reliable, cost-effective, and regular petroleum supplies for consumers, a steady income for ...

Mr Naimi believes oils floor is now around $60-70/B. I come to that decision by looking at what it takes to produce a barrel of alternative fuel, he explained. OPEC can be forgiven for adopting a ...