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 ...

LONDON, March 3 (Reuters) - OPEC+ has decided to proceed with a planned April oil output increase, the group said on Monday, a move that follows U.S. President Donald Trump renewing pressure on ...

The increase in Iran and Venezuela’s crude output has been slowing lately, so I expect OPEC other 8 output to eventually slow to an annual rate of 200 kb/d or less by 2028. OPEC expects a bigger ...

OPEC+ members committed to unwinding oil production curbs starting in April. The oil cartel has held back supply in an effort to boost crude prices globally. The April timeline is surprising ...

By Rebecca F. Elliott Oil prices fell on Monday afternoon to their lowest level of the year after the OPEC oil cartel and its allies affirmed plans to gradually increase crude production beginning ...

Here’s a look at the Organization of the Petroleum Exporting Countries, headquartered in Vienna, Austria. Facts The purpose of OPEC is to “coordinate and unify the petroleum policies of its Member ...