The group’s crude production levels are still below prewar levels, with key shipping routes disrupted.

The group of oil-rich countries raised its forecast for next year’s demand growth driven in part by the need to replenish oil inventories.

LONDON, Dec 11 (Reuters) - World ‌oil supply will match ‌demand closely in 2026, OPEC data published on Thursday indicated, an outlook contrasting with projections from the International ‍Energy ...

Concerns around tariffs and conflicts in the Middle East and Ukraine have taken a backseat to more fundamental factors ...

LONDON (Reuters) -The world oil market will see a small surplus in 2026 after OPEC+ production increases and higher supply from other producers, an OPEC report showed on Wednesday, a further shift ...

Six months after leaving ​OPEC, the United Arab Emirates on Monday began hosting ADIPEC, one of the world's largest energy ...

For much of the year OPEC+, a select group of Russia-led oil producers and the Organization of the Petroleum Exporting Countries (OPEC) spearheaded by Saudi Arabia, has been upping its crude ...

A fresh oil production hike by OPEC+ has sent yet another clear signal to the international crude market that its focus remains firmly on a higher market share. At their meeting on Sunday, eight ...

Add Yahoo as a preferred source to see more of our stories on Google. FILE PHOTO: An installation depicting barrel of oil with the logo of Organization of the Petroleum Exporting Countries (OPEC) is ...

Growing security risks threaten to undermine a recent recovery in regional crude exports, keeping the supply outlook ...

Countries including Qatar, Ecuador and Angola have left OPEC in past years. "While the UAE has left OPEC, they were not the first and may not be the last": Andy Lipow, president of Lipow Oil ...

Ministers of OPEC and non-OPEC Participating Countries in the Declaration ​of Cooperation said shipping and ‌insurance costs ...