The world's top oil and gas companies amassed record profits in 2022 after Russia's invasion of Ukraine drove prices higher - ...

Iran’s OPEC representative said that oil prices could hit $100 in the second half of the year as Chinese demand rebounds amid ...

Global oil prices may rebound to about $100 per barrel in the second half this year as Chinese demand recovers while supply ...

WASHINGTON – Follow along for real-time updates on President Joe Biden's 2023 State of the Union address from The Associated ...

OPEC’s crude oil production fell in January by around 60,000 barrels per ... which reduced target output by 2 million bpd ...

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.

The non-story of the week is — or rather, should have been — the OPEC+ meeting of the world’s top oil exporters, who meet ...

OPEC oil output fell in January, a Reuters survey found on Tuesday, as Iraqi exports declined and Nigerian output did not ...

Oil prices continued to decline on Tuesday over market cautiousness as investors are awaiting the outcome of OPEC+ meeting ...

Despite the increase in oil production last month, OPEC was still pumping well below the collective target of the ten members bound by the OPEC+ pact. The larger OPEC+ group moved to cut its ...

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 ...