The purpose of OPEC is to “coordinate and unify the petroleum policies of its Member Countries and ensure the stabilization of oil markets in order to secure an efficient, economic and regular ...

Members of OPEC+ are planning to gradually unwind production curbs in April, which would add supply and could lead to lower prices.

Trump called for OPEC to bring down the cost of oil in a Jan. 23 speech in Davos. He claimed lowing the price of oil would lead to the end of the Russia-Ukraine war. He also said he would ...

Output for December 2024 was revised lower by 110 kb/d and January 2025 output was revised higher by 28 kb/d compared to last month’s report. The increase in Iran and Venezuela’s crude output ...