The Organization of the Petroleum Exporting Countries cut its forecast for oil-demand growth for the fourth consecutive month ...

The group’s members have shown a lack of confidence in the Vienna-based secretariat’s forecasts. Led by Saudi Arabia, OPEC ...

Crude oil prices fell Monday after the Organization of the Petroleum Exporting Countries (OPEC) reduced its oil ... may weigh on near-term growth," the Vienna-based body said.

Saudi Arabia and allied oil producing countries said on Sunday they would postpone a plan to gradually increase oil output ...

Eight members of the OPEC+ group of oil-producing nations said on Sunday they were extending supply cuts until the end of December. The move is aimed at boosting oil prices amid uncertain demand and ...

Oil ministers from the 12 OPEC (Organization of Petroleum Exporting Countries) meeting in the Austrian capital Vienna over the weekend decided to keep oil production at current levels. Some ...

The forecasts come amid a slowing Chinese economy, which has significantly hit oil demand and abundant global supply.

The OPEC bloc of oil-producing nations announced Monday that it will extend oil production cuts through the end of 2024, spurring a 2 percent increase in the price of U.S. benchmark West Texas ...

September 27, 2016. Oil prices rose modestly ahead of a meeting of producers from the Organization of the Petroleum Exporting Countries (OPEC) cartel and Russia in Algeria on September 28 that ...

In June, OPEC said 2.2 million barrels a day in voluntary cuts were extended until September but would then be gradually reduced month by month until they are eliminated by September 2025.

In June, OPEC said 2.2 million barrels a day in voluntary cuts were extended until September but would then be gradually reduced month by month until they are eliminated by September 2025.