Business
The OPEC oil cartel and its allies are expected to extend their supply cuts to avoid a sharp drop in prices.
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Business
The OPEC+ alliance of major oil-producing nations has postponed a weekend meeting to December 5 in what analysts said were signs of disagreement among...
Business
OPEC said Tuesday that phasing out oil was a “fantasy”, as the Saudi-led cartel forecast that demand would keep growing until at least 2050,...
World
Moscow, Riyadh and several other OPEC+ members on Sunday announced extensions to oil production cuts first announced in 2023 as part of an agreement among...
News
Angola’s departure from OPEC exposes the tensions with the oil cartel as it seeks to cut output to maintain prices just as the United...
Business
Angola said on Thursday it would leave OPEC over a disagreement on production quotas following the oil cartel’s decision last month to further slash...
World
Despite slashing oil production for months on end and announcing new cuts in late November, the Organization of the Petroleum Exporting Countries (OPEC) and...
Business
Uncertainty hovered over what major oil-producing nations — collectively known as OPEC+ — will decide on output policy as they headed into virtual meetings Thursday...
Business
The Vienna-based organisation announced the postponement of the OPEC+ alliance in a brief statement, without providing any explanation.
Business
Despite mounting efforts to limit climate change, the OPEC oil cartel said Monday it expects demand for crude to continue to grow for the...