OPEC said the global economy may perform better than expected in the second half of the year despite trade conflicts and ...

Oil prices havestabilised at pre-Middle East conflict levels following the start of the ceasefire. Expanding the oil supply further, however, could prove to be a critical test. “The weekly US ...

OPEC+ may bring its meeting forward to Saturday to approve another oil production hike, though actual supply increases remain below targets due to uneven compliance.

This was the first OPEC meeting since US President Joe Biden visited Saudi Arabia last month. Biden urged the country — which is the group’s biggest oil producer — to start pumping more.

At the latest OPEC and non-OPEC ministerial meeting, which took place via videoconference on December 4, 2022, OPEC+ decided to hold production steady, OPEC’s website revealed.

So, what might come out of the OPEC meeting in Vienna? If the cartel agrees to a production cutback, Kingston said it could nudge U.S. oil and gas prices higher, at least in the short term.

The highly-anticipated OPEC meeting will take place this week, but unlike the last few meetings, the hype and excitement is much less palpable. That is largely because the end result is thought to ...

If OPEC Plus keeps the squeeze on output, price pressures could build this summer, analysts say. Even Iran’s additional production may not radically change that picture.

The official OPEC communique stipulates that the agreement will run for six months and be reviewed at the April 2019 meeting. No specific country allocations were immediately available although (see ...

A separate statement posted on OPEC’s site on the same day revealed that OPEC+ countries which announced voluntary cuts in April 2023 and November 2023 - including Saudi Arabia, Russia, Iraq ...