The first is that OPEC members historically cheat on their quotas. This is true, and some members are likely to cheat this time. But keep in mind the underlying theme. OPEC has now made a ...

October, 1973: The six-month Arab oil embargo pitted OPEC’s Arab members against the U.S. and Israel in a politically-motivated suspension of exports that pushed prices above $12 a barrel.

VIENNA (Reuters) - Nearly a year after oil markets entered a deep downward spiral, unmoored from the $100-a-barrel mark that had anchored them for years, some OPEC members are publicly talking for ...

Oil prices surged on Wednesday after OPEC finally agreed on a deal to cut output during its meeting in Vienna. This marks the cartel's first cut since 2008 and reverses its two-year strategy of ...