OPEC 12 output increased by 346 kb/d from July 2026 to August 2026, with the largest increases from Iraq (664 kb/d), UAE (54 ...

By Olesya Astakhova and Ahmad Ghaddar LONDON, Sept 30 - OPEC+ oil-producing countries are likely to keep their oil production ...

OPEC and its allies agreed on Sunday to keep oil output levels unchanged through the end of 2026, reaffirming their production control framework amid mounting concerns over a looming supply glut and ...

OPEC once controlled more than half of the world’s oil supply, giving the cartel enormous influence over global energy prices, but today its share has fallen below a quarter. The video examines how ...

U.S. and international crude oil futures skidded to their lowest levels in more than a year after the influential oil ...

Canada now supplies more than 4.5 times as much crude oil to the U.S. as OPEC members, reversing the balance of 50 years ago.

A fresh oil production hike by OPEC+ has sent yet another clear signal to the international crude market that its focus remains firmly on a higher market share. At their meeting on Sunday, eight ...

The decision on Sunday by the cartel of oil-producing nations and some of its allies came after the resumption of U.S. and Iranian military strikes in the Persian Gulf.

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 ...

Add Yahoo as a preferred source to see more of our stories on Google. FILE PHOTO: An installation depicting barrel of oil with the logo of Organization of the Petroleum Exporting Countries (OPEC) is ...

LONDON (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 shift ...

The cartel’s move comes after six straight monthly increases.