Organization of the Petroleum Exporting Countries (OPEC) Secretary General Mohammed Sanusi Barkindo on behalf of his organisation and its members, addressed a congratulatory message to the President ...

DUBAI, United Arab Emirates (AP) — OPEC, Russia and other oil-producing nations on Sunday finalized an unprecedented production cut of nearly 10 million barrels, or a tenth of global supply, in hopes ...

DUBAI/LONDON, Nov 17 (Reuters) - OPEC and its allies hold a ministerial committee meeting on Tuesday to look at adjusting plans for oil supply cuts next year as the coronavirus crisis continues to ...

LONDON, Oct 13 (Reuters) - World oil demand will rebound more slowly in 2021 than previously thought as coronavirus cases rise, OPEC said on Tuesday, adding to headwinds faced by the group and its ...

OPEC is assuming the oil price will rise gradually to $80 a barrel in 2020 as supply growth outside the group weakens, a slower recovery than several member nations have said they need. The average ...

The World’s September oil production increased by 737 kb/d to 86,033 kb/d, a new World Peak Oil All Time High. Read more here ...