OPEC has rejected U.S. calls for increased oil production, stating that the cartel's decisions are based on market fundamentals and not political considerations.

OPEC Secretary General highlights the necessity of oil for energy security and economic growth, advocating for a balanced ...

OPEC Secretary-General Haitham Al-Ghais stressed that the organization’s decisions are guided by a long-term vision for global markets, aiming to achieve price stability. Speaking at the India Energy ...

Decisions made by oil producer group OPEC take a long-term view of the global markets and are aimed at providing price stability, Secretary General Haitham Al Ghais said at the India Energy Week ...

🌏 The Impact of OPEC+ Decisions: OPEC’s recent decisions to reduce production to stabilize global oil prices have led to price hikes in countries heavily dependent on diesel imports.

OPEC on Tuesday said oil market stability is key to investment and global economic development and the producers cartel has been working to provide that stability. Speaking at the India Energy Week, ...

Decisions made by oil producer group OPEC take a long-term view of the global markets and are aimed at providing price ...

The Organisation of Petroleum Exporting Countries (Opec) was founded in Baghdad, Iraq, on September 14, 1960. Its founding member countries are ...

Weak global demand has caused yet another delay in unwinding OPEC’s production cuts. Instead of taking place over 2025, the cartel is telegraphing a much longer period, from April 2025 through 2026.

West Texas Intermediate (WTI) Oil price advances on Tuesday, according to FXStreet data. WTI trades at $72.92 per barrel, up ...

OPEC’s decision to maintain production and sluggish demand weigh on natural gas and oil, signaling bearish trends ahead.