The Iraqi cabinet has approved nationalizing the petroleum operations in the West Qurna 2 oil field, in accordance with the ...

The gas pump has emerged as a rare source of relief for Americans drowning in higher prices — and that positive trend is expected to continue ...

President Maduro’s appeal to oil-rich nations Sunday laid bare just how isolated he has become, a Latin American oil expert says, before describing Venezuela as "broke" and drowning in $150 billion of ...

Oil producers in the OPEC+ group this weekend confirmed they will hold output levels flat in the first quarter of next year. This comes after the group spent most of this year increasing oil ...

The Organisation of Petroleum Exporting Countries (OPEC) has maintained Nigeria’s oil production quota of 1.5 million barrels of crude per day (bpd) to December 2026. In a statement, the ...

OPEC Secretary-General Haitham al Ghais criticized media coverage suggesting the group projected a 2026 oil surplus, insisting its forecast shows a balanced market. OPEC expects non-member supply to ...

LONDON, Nov 12 (Reuters) - The world oil market will see a small surplus in 2026 after OPEC+ production increases and higher supply from other producers, an OPEC report showed on Wednesday, a further ...

The Organization of the Petroleum Exporting Countries and its allies agreed on a restrained oil output increase on par with earlier moves, a bet that the group can eke out more revenue without causing ...

For much of the year OPEC+, a select group of Russia-led oil producers and the Organization of the Petroleum Exporting Countries (OPEC) spearheaded by Saudi Arabia, has been upping its crude ...

Eight producers, led by Saudi Arabia, will continue boosting production despite forecasts that supply will soon exceed demand. By Stanley Reed Eight countries that belong to the oil cartel known as ...

OPEC is pursuing a long-term strategy to increase its market share and is unwinding production cuts, with oil prices remaining strong due to factors beyond OPEC's direct control. The rise in oil ...