Key OPEC members are likely to stick with a plan to hold crude production quotas steady for next month when they meet this ...

OPEC is a coalition of oil-producing countries that coordinates policies and production quotas to influence global oil prices. The group was formed in 1960 by Saudi Arabia, Iran, Iraq, Kuwait and ...

NEW YORK (AP) — A group of countries that are part of the OPEC+ alliance of oil-exporting countries has agreed to boost oil production, a move some believe could lower oil and gasoline prices, citing ...

Secretary General of the Organization of Petroleum Exporting Countries (OPEC) Haitham Al Ghais on Monday highlighted the lasting legacy of the Algiers Accord, a deal reached 10 years ago at an OPEC ...

On August 9, 1960, Standard Oil of New Jersey (Esso) reduced the posted crude prices in West Asia by 8 percent as Soviet oil exports to Europe and Asia rose. Burmah-Shell and Caltex followed with a 14 ...

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 ...

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 ...

The focus of this post is an overview of World oil production along with a more detailed review of the top 11 Non-OPEC oil-producing countries. The World’s April oil production decreased by 422 kb/d ...

The G77 and China bloc of developing countries has always played a crucial role in the climate negotiations. With the current lack of leadership from key developed countries, future successful ...