The Organization of the Petroleum Exporting Countries further lowered its global oil-demand growth forecast for this year, as ...

The United Arab Emirates informed OPEC that its oil production surged by 80% last month as Abu Dhabi found workarounds for ...

The Iran war exposed a long-simmering feud within the world’s most powerful oil cartel, boiling over this spring when it ...

A handful of countries in the OPEC+ oil-producing alliance are planning to increase their outputs modestly next month.

Global oil demand is forecast to grow by 800,000 barrels per day (bpd) in 2026 year-on-year, down from last month's assessment, said a report released on Monday by the Organization of the Petroleum ...

The purpose of OPEC is to “coordinate and unify the petroleum policies of its Member Countries and ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply ...

OPEC plans to hike production by 200,000 barrels per day despite the Strait of Hormuz remaining closed, making it ...

Arising from the 64th Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Sunday, 1 February 2026. The Organization of the Petroleum Exporting Countries ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

The United Arab Emirates (UAE) shocked the world on Tuesday when it announced that it’d be leaving the world’s largest oil cartel this week. While there’s no immediate impact for the U.S., in the long ...