OPEC Secretary General Haitham Al Ghais said on Monday the collective decision to cut output in October was the right move ...

The Secretary General of OPEC believes the OPEC+ group deserves recognition for its role in maintaining oil market stability ...

A committee of major oil producers recommended Wednesday to maintain the cartel's current reduced output strategy, as the global economic outlook remains uncertain and the war in Ukraine drags on.

Wednesday’s meeting was going to be an affirmation that oil prices are where the cartel, made up of Saudi-led OPEC and Russia-led ... by last year’s production cut of a headline 2 million ...

Nigeria’s oil production which began rebounding in November and December last year after a prolonged lull, stayed stagnant in ...

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 ...

Crude oil prices reversed their losses on Thursday after the Organisation of Petroleum Exporting Countries (OPEC) agreed to maintain its planned monthly oil output. OPEC on Wednesday disclosed this at ...

Output from OPEC and allies including Russia, known collectively as OPEC+, increased for most of 2022 as demand recovered. For November, with oil prices weakening, the group made its largest cut ...

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