President Donald Trump said on Wednesday that he believes it would be better for Venezuela to remain in the Organization of ...

The eight OPEC+ members - Saudi Arabia, Russia, the UAE, Kazakhstan, Kuwait, Iraq, Algeria and Oman - raised oil output ...

Global oil markets are again showing the impact of emotions and misinterpretation. The so-called surprise production increase taken by eight (8) leading members of OPEC is, in principle, not relevant ...

Oil producers inside and outside the Organization of the Petroleum Exporting Countries are quietly shifting from restraint to expansion, lifting output even as demand signals look uneven. The result ...

Nigeria has been defaulting on crude oil cut agreements. On Thursday, April 9, 2020 OPEC and its allies (referred to as OPEC+) agreed to cut global crude oil output by a record 10 million barrels per ...

Opec’s crude production held steady in December as a slump in Venezuela’s output to the lowest in two years was offset by ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. The world may be heading for an even greater ...

VIENNA—OPEC members are inching toward a compromise that could lead them to cut oil supply, as the producer group this week prepares for one of its most closely watched meetings in years. Saudi Arabia ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...