OPEC+ agreed to raise production quotas by 206,000 barrels per day, but the move is likely to remain mostly theoretical while disruptions around the Strait of Hormuz continue to constrain exports and ...

Oil production in the Middle East has plummeted since the start of the Iran war, according to a new OPEC report.

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 ...

OPEC’s crude oil production plunged by the most in at least four decades in March as conflict in the Middle East throttled ...

The OPEC plans to expand oil production quotas by 206,000 barrels daily for May. This marginal increase will primarily exist as a formal gesture, given that major members find it impossible to boost o ...

LONDON, Nov 30 (Reuters) - OPEC oil output rose for a fifth month in November, a Reuters survey found, as increased Libyan production offset full adherence by other producers to cuts agreed in an OPEC ...

TEHRAN- The OPEC Secretariat announced that Saudi Arabia, with a daily production of 7,799,000 barrels, and Iran, with ...

Crude oil production by the Organization of the Petroleum Exporting Countries (OPEC) fell by around 7.9 million barrels per ...