The Organisation of Petroleum Exporting Countries (OPEC) and its oil-exporting allies known as OPEC+ yesterday announced a two million barrel per day cut in oil production. The oil cartel also ...

On Wednesday, the 23-member group of the Organization of Petroleum Exporting Countries (OPEC) and its allies, known as OPEC , ...

cajoling - to get OPEC to increase production to bring down oil prices. When OPEC+ responded not only by refusing to increase production but by actually cutting production, it was viewed in ...

Virtual JMMC meeting set for 1100 GMT on Feb. 1 * Agreed 2 mbpd cut on October, still in place * JTC meeting on Jan. 31 canceled (Adds detail on JTC cancellation, updates number of sources) By Rowena ...

OPEC's share of the cut is 1.27 million bpd. In the report, OPEC said its crude oil output in December rose by 91,000 bpd to 28.97 million bpd, led by a rebound in Nigeria which is exempt from ...

Saudi Crown Prince Mohammed Bin Salman and Russian President Vladimir Putin discussed OPEC+ cooperation in a Monday phone ...

Attendees at next week's OPEC+ committee meeting will have a lot to discuss as China’s reopening and the EU's Russian oil ...

Saudi Arabia's Crown Prince Mohammed bin Salman at the G-20 Leaders' Summit in Buenos Aires in 2018. (Ricardo Mazalan/AP) ...