LONDON, Feb 12 (Reuters) - OPEC on Wednesday stuck to its forecast for relatively strong growth in global oil demand in 2025, saying air and road travel would support consumption and potential ...

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.

September 27, 2016. Oil prices rose modestly ahead of a meeting of producers from the Organization of the Petroleum Exporting Countries (OPEC) cartel and Russia in Algeria on September 28 that ...

OPEC, or the Organization of the Petroleum Exporting Countries, serves as an organizing body of the world's largest producers of oil. Its purpose, per its website, is to "coordinate and unify the ...

NEW DELHI, Jan 17 (Reuters) - OPEC's share in India's crude oil imports edged up in 2024, rising for the first time in nine years, while top supplier Russia's share remained steady, data obtained ...

Iran Calls for OPEC to Unite Against Potential US Oil Sanctions By Elwely Elwelly DUBAI (Reuters) - Iran's President Masoud Pezeshkian urged OPEC members to unite against possible U.S. sanctions ...

OPEC’s biggest rise, of 90,000 bpd, came from the UAE, the survey found. A source said partial field maintenance continued in January, having started in December. While the survey indicates the ...

Global oil markets will face a widening glut in 2026 as OPEC brings back production and output from the US, Canada and Guyana continues to grow, the US government said in its first set of ...