OPEC oil output has declined to its lowest level since 2000, with production falling by 830,000 barrels per day (bpd) to an ...

OPEC sees President Donald Trump's tariffs weighing on crude oil demand and global economic growth. Key members of OPEC+ will accelerate oil production even as demand and economic growth soften. OPEC ...

LONDON, April 13 (Reuters) - OPEC on Monday lowered its forecast for world oil demand in the second quarter by 500,000 barrels per day, the producer group's monthly oil report showed in its first ...

The UAE has been a member of the oil cartel since the country was founded in 1971, but in recent years, it has grown ...

Its decision is the latest sign that the war in the Middle East has not only deepened animosities between Iran and its Gulf ...

Officials say competition between the countries is healthy. But tensions are mounting over energy quotas, regional conflicts ...

OPEC’s crude oil production plunged by the most in at least four decades in March as conflict in the Middle East throttled exports from key members, according to a Bloomberg survey. Output from the ...

LONDON, March 11 (Reuters) - OPEC said on Wednesday that Saudi Arabia sharply increased oil production in February ahead of U.S. and Israeli strikes on Iran and kept its forecasts for relatively ...

US President Donald Trump moved on his first day in office to increase U.S. oil and gas production, but the country's oil industry is actually starting to think about cutting output and jobs due to a ...