Prices fell after the Organization of Petroleum Exporting Countries and allies (OPEC+) left production unchanged during a weekend meeting, as broadly expected. Brent oil futures for April delivery ...

The OPEC-Gabon Bilateral Meeting that took place on July 24th has sent yet another signal of the strong dialogue and cooperation between OPEC and African producing countries. Such a dialogue is key ...

VIENNA: OPEC talks broke down in acrimony Wednesday without an agreement to raise oil output after Saudi Arabia failed to convince the cartel to lift production. We were unable to reach an agreement ...

Opec+ is set to maintain output despite concerns that a supply glut in 2026 would push prices down.

The Organization of Petroleum Exporting Countries and allies, known as OPEC+, left its oil production for March unchanged on ...

VIENNA (Reuters) - Saudi Arabia pumped record-high amounts of oil in November, amid talks over a global deal to cut production, defying market expectations of lower output on slower domestic demand ...

As a percentage of worldwide production of crude oil, OPEC’s share remains dominant. With 13 member countries, and 10 affiliates (OPEC+), it represents 35-40% of yearly production and approximately 80 ...

Saudi Arabia has told its U.S. and European customers it will reduce oil deliveries from January as Russia signalled that a commitment from non-OPEC producers to join OPEC's output limits still faced ...

OPEC+ countries agreed to maintain group-wide oil output quotas for 2026 in a meeting on Sunday, and also agreed on a mechanism to assess members’ maximum oil production capacity, OPEC said in a ...