Libyan Oil Minister, Khalifa Abdul Sadiq has discussed with his Saudi counterpart, Prince Abdulaziz bin Salman, during a meeting on the sidelines of the OPEC symposium, ways to enhance cooperation on ...

The OPEC Plus cuts will coincide with the conclusion of that initiative. The timing will amplify the impact, and Mr. Biden is considering releasing more oil reserves intermittently through the winter.

Oil producer group OPEC held an event on the sidelines of the COP28 negotiations in Dubai on Sunday aimed at convincing young people to support fossil fuels, whose future has caused deep splits ...

OPEC cut its 2024 global oil demand growth forecast for a fifth straight month on Wednesday and by the largest amount yet, a series of downgrades that highlights China's sputtering role as the ...

OPEC’s decision-making is all about supply and demand. And the cartel wants to manipulate production to push up prices and demand. “Price is always in the background as part of the discussion ...

FRANKFURT, Germany — The Saudi-led OPEC oil cartel and allied producers including Russia did not change their targets for shipping oil to the global economy amid uncertainty about the impact of ...

Last month, following a collapse in the price of Brent crude to a four-year low, Saudi Arabia and its OPEC-plus partners announced their second consecutive monthly supply hike. Doubtless this will ...

FRANKFURT, Germany (AP) — The Saudi-led OPEC oil cartel and allied producers including Russia did not change their targets for shipping oil to the global economy amid uncertainty about the ...