What do oil and wine have in common? A new working paper from two IMF economists, which is generating a lot of buzz, argues that they’re a lot more alike than you’d imagine. (Hat tip: Steve LeVine.) ...

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 ...

VIENNA (Reuters) - OPEC, which has lost Chinese market share to U.S. oil producers, should in theory view a tariff spat between Beijing and Washington as a boon. But while OPEC can sell more oil to ...

The latest U.S. assessment of how much money OPEC rakes in from oil exports confirmed one thing: Cutting supplies worked. In its annual OPEC Revenues Fact Sheet, released Tuesday, the Energy ...

Dec 14 (Reuters) - The Organization of the Petroleum Exporting Countries meets to consider oil output policy on Dec. 22 in Luanda, Angola. The 12-member group, which pumps more than a third of the ...

The focus of this post is an overview of World oil production along with a more detailed review of the top 11 Non-OPEC oil-producing countries. The World’s May oil production decreased by 6 kb/d to 83 ...

Log-in to bookmark & organize content - it's free! Kevin Book talked about the future of OPEC. Topics included OPEC's role and mission, and its effect on the national and international price of oil ...

OPEC has slammed the brake on speculation, flatly rejecting media reports that the G8 is preparing to hike crude oil production by half a million barrels per day. In a statement from Vienna on Tuesday ...

OPEC 12 output for July 2025 was revised higher by 25 kb/d and August 2025 output was revised lower by 32 kb/d compared to last month’s report. Iran and Venezuela have seen their output rise over the ...

A statement posted on OPEC’s website last week announced that the OPEC Secretariat had received updated compensation plans from Iraq, the United Arab Emirates (UAE), Kazakhstan, and Oman. A table ...