Tough US sanctions on Russian oil are allowing the biggest Middle Eastern producers to raise prices for their main market by ...

Iran's oil minister said imposing unilateral sanctions on crude producers would destabilise energy markets, the ministry's ...

OPEC oil output fell in January for a second month, a Reuters survey found, as a drop in exports from Nigeria and Iran offset ...

A worst-case scenario for the West would be if OPEC members embargo oil exports to the U.S. and its key allies.

According to OPEC's World Oil Outlook 2024, global oil demand is expected to exceed 120.1mln barrels per day by the end 2050, ...

OPEC Secretary General highlights the necessity of oil for energy security and economic growth, advocating for a balanced ...

OPEC oil production declined in January, primarily due to lower output from Iran and Nigeria, despite the JMMC reaffirming ...

OPEC on Tuesday said oil market stability is key to investment and global economic development and the producers cartel has been working to provide that stability. Speaking at the India Energy Week, ...

West Texas Intermediate (WTI) Oil price advances on Tuesday, according to FXStreet data. WTI trades at $72.92 per barrel, up ...

The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Haitham Al Ghais has said that many global ...

OPEC's total spare capacity is 5.3 million bpd, of which 3.1 million bpd is held by Saudi Arabia, 1.1 million bpd by the UAE, ...