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.

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 ...

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 ...

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. ...

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.

OPEC+, which includes OPEC plus Russia and other allies, is keeping production cuts in place through March due to expectations of limited demand and rising output outside the group, but decided on ...

OPEC+, which includes OPEC plus Russia and other allies, is keeping production cuts in place through March due to expectations of limited demand and rising output outside the group. But on Monday ...