The Gulf Arab states have cut production because they are unable to export through the Strait of Hormuz due to the war.

With the US-Iran-Israel war intensifying as of late April 2026, the crisis has entered its ninth week. The closure of the ...

OPEC+ is expected to stick with a planned output pause when it meets this weekend amid growing signs of global oil oversupply, three delegates said. Key members led by Saudi Arabia and Russia will ...

Dick Morris to Newsmax: Trump Is the New OPEC Now ...

Yahoo Finance Markets and Data Editor Jared Blikre tracks Tuesday's top moving stocks and biggest market stories.In March, the Organization of the Petroleum Exporting Countries (OPEC) saw the largest ...

By Alex Lawler LONDON, April 13 (Reuters) - OPEC on Monday lowered its forecast for world oil demand in the second quarter by ...

Global oil demand is projected to average 105.07 million bpd in the second quarter, OPEC's report said, down from the 105.57 ...

Reuters.com is your online source for the latest news stories and current events, ensuring our readers up to date with any ...

OPEC crude production registered a record plunge last month as conflict in the Middle East throttled exports from key members ...

The Output from the organization collapsed by 7.88 million barrels a day (MMbpd) to 20.79 MMbpd in March, driven by losses in Iraq, Saudi Arabia, the United Arab Emirates and Kuwait, according to a ...

Oil production in the Middle East dropped by over a quarter in March, as the Iran war continues to destabilize the world’s ...

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 ...