OPEC said the global economy may perform better than expected in the second half of the year despite trade conflicts and ...

Oil prices havestabilised at pre-Middle East conflict levels following the start of the ceasefire. Expanding the oil supply further, however, could prove to be a critical test. “The weekly US ...

OPEC has denied accreditation to five leading Western media outlets for its Vienna meeting, reviving tensions over press ...

OPEC+ may bring its meeting forward to Saturday to approve another oil production hike, though actual supply increases remain below targets due to uneven compliance.

This was the first OPEC meeting since US President Joe Biden visited Saudi Arabia last month. Biden urged the country — which is the group’s biggest oil producer — to start pumping more.

At the latest OPEC and non-OPEC ministerial meeting, which took place via videoconference on December 4, 2022, OPEC+ decided to hold production steady, OPEC’s website revealed.

OPEC and its allies are unlikely to deepen supply cuts at their ministerial meeting on Sunday despite a fall in oil prices toward $70 per barrel, four sources from the alliance told Reuters.

So, what might come out of the OPEC meeting in Vienna? If the cartel agrees to a production cutback, Kingston said it could nudge U.S. oil and gas prices higher, at least in the short term.

0722 GMT – Oil prices slide ahead of a key OPEC meeting later. Brent crude is down 0.6% to $90.32 a barrel while WTI is 0.7% lower at $88.61 a barrel. The OPEC Joint Ministerial Monitoring ...

If OPEC Plus keeps the squeeze on output, price pressures could build this summer, analysts say. Even Iran’s additional production may not radically change that picture.

The meeting was announced Friday by OPEC. On the table will be a tentative plan orchestrated by Saudi Arabia, OPEC’s de facto leader, and Russia, a major exporter, to extend, ...