Biden administration officials are “encouraged” by ongoing OPEC talks and have spoken with officials in Saudi Arabia and the United Arab Emirates in hopes of reaching an agreement to stem the rise in ...

Oil rose to $59 a barrel today as Opec's decision to hold an emergency meeting in Qatar later this week raised expectations the producers' group would finally agree how to implement a production cut.

VIENNA (Reuters) - OPEC and non-OPEC producers on Saturday reached their first deal since 2001 to curtail oil output jointly and ease a global glut after more than two years of low prices that ...

VIENNA — The countries that make up the OPEC oil-producing cartel talked into the night Thursday over possible deep cuts to production that would support the price of fuel around the world. An OPEC ...

Oil prices edged up on Monday as investors weighed the market implications of upcoming U.S.-Iran talks aimed at de-escalating tensions against a backdrop of expected OPEC+ supply increases. Brent ...

Oil prices rose on Friday after an unexpected fall in the May US jobless rate and Opec's decision to bring forward to Saturday discussions on whether to extend record production cuts. Brent crude ...

Oil prices were rising as investors digested news that the U.S. and Iran will resume discussions next week after the latest round of talks wrapped up on Thursday without a deal. Brent crude rose 0.9% ...

Washington may 'prefer to show the gun rather than fire it' ahead of the U.S. midterm elections, says analyst Iran not only produces around 3% to 4% of the world's crude, but also has the ability to ...

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 supply ...

Oil markets remain fixated on the threat of a U.S. attack on Iran — and this week could provide some clarity on the next move for crude prices, with talks between the two nations expected Thursday.