The Organization of the Petroleum Exporting Countries (OPEC) has received updated plans for Iraq, Kazakhstan and other ...

OPEC cut its 2025 global oil demand growth forecast on Monday for the first time since December, citing the impact of data ...

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.

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.

It appreciated the additional voluntary production adjustments made by the 8 OPEC plus countries which were announced in April and November 2023 in supporting market stability. The Committee noted ...

The announcement from the so-called OPEC+ group of key OPEC members plus Russia ... demand during the upcoming summer months in their countries, and they are not necessarily aspiring to flood ...

TASS/. The ministers of the OPEC countries will hold a special meeting on Monday, January 3, where they will discuss the candidacy of the new Secretary-General of the organization, who should ...

President Trump’s sweeping tariffs combined with OPEC’s unexpectedly large production hike are combining to trigger a “double whammy” on the oil and gas sector, resulting in crude prices ...

VIENNA, April 5 (KUNA) -- The 59th Meeting of the Joint Ministerial Monitoring Committee (JMMC) on Saturday valued the additional voluntary production adjustments made by the 8 OPEC plus countries in ...