The oil cartel OPEC's choice to pare back oil supply will harm the global economy and especially developing countries, U.S. Treasury Secretary Janet Yellen told the Financial Times in an interview ...

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 ...

Administration officials now point to intensified opposition in Congress as a chief outcome of OPEC’s decision to slash ...

OPEC+ delegates say that the cartel is unlikely to change current oil production targets amid significant uncertainties about ...

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 ...

Crude oil edged up on Wednesday as optimism for demand recovery in China and a likely unchanged output cut decision by major ...

Another important player is OPEC, the global oil cartel, which is the main competitor to Russian crude oil. The alliance ...