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 ...

The goal of OPEC is to “co-ordinate and unify petroleum ... shakes hands with Saudi Arabia’s Crown Prince Mohammed bin Salman in the Oval Office of the White House on March 20, 2018 in ...

The increase in Iran and Venezuela’s crude output has been slowing lately, so I expect OPEC other 8 output to eventually slow to an annual rate of 200 kb/d or less by 2028. OPEC expects a bigger ...

Eight OPEC+ members that are making the group's most recent layer of output cuts held a virtual meeting on Monday and agreed to proceed with the April increase, OPEC said. The increase is 138,000 ...

OPEC+ members committed to unwinding oil production curbs starting in April. The oil cartel has held back supply in an effort to boost crude prices globally. The April timeline is surprising ...

This gradual increase may be paused or reversed subject to market conditions', a statement posted on OPEC's site noted. Image by ClusterX via iStock A statement posted on OPEC’s website on ...

Since returning to office in January, Trump has reinstated ... Analysts widely expect OPEC+, which includes OPEC members plus Russia and other allies, to remain flexible with production increases.

OPEC's headquarters, the Saudi government communications office and the office of Russian Deputy Prime Minister Alexander Novak did not immediately respond to requests for comment. The three ...

However, the plan was “locked in well before Trump took office,” commodities analyst Amena Bakr wrote in Semafor Gulf. Still, OPEC+ is keeping an eye on Trump’s demands and his policy ...

Since last year, OPEC Plus has signaled its intention to pump more oil, but doing so now in the midst of turbulence from a trade war between the United States and various partners surprised some ...