Output for June 2024 was revised lower by 27 kb/d and July 2024 output was revised lower by 28 kb/d compared to last month’s ...

Reuters.com is your online source for the latest news stories and current events, ensuring our readers up to date with any ...

The oil-producers group meets in December. Analysts want to know if it will cut or raise production. But more vexing ...

Oil prices rose by a dollar a barrel on Tuesday as supply disruptions mounted and traders bet that demand will grow if the ...

Oil prices declined due to perceived global economic slowdown and conflicting supply/demand forecasts from EIA, IEA, and OPEC ...

The OPEC+ cartel has responded to weakening demand for oil by delaying restoring production that it had cut previously to ...

The OPEC+ group may not have any options left to counter the extreme bearishness in oil markets by further restricting supply ...

The Secretary General of the Organisation of Petroleum Exporting Countries, Haitham Al Ghais, has revealed that taxes imposed ...

OPEC argues that taxes on gasoline are a bigger contributor to high gas prices than the price of crude oil itself.

Few institutions hold as much influence over the ever-evolving and volatile landscape of global energy as the Organization of ...

According to OPEC, fuel prices are not the primary factor that influence fuel expenses; rather, it is the taxes levied by ...