OPEC's total spare capacity is 5.3 million bpd, of which 3.1 million bpd is held by Saudi Arabia, 1.1 million bpd by the UAE, ...

OPEC oil output fell in January for a second month, a Reuters survey found, as a drop in exports from Nigeria and Iran offset ...

Trump is pressuring Saudi Arabia and other OPEC members to expand oil production in order to lower prices. TD Securities' ...

The organisation was formed to safeguard the interests of oil-producing nations. During the founding days of Opec, significant global economic and political changes shaped the oil market. Then, as ...

By Ben Aris in Berlin As its parting shot, the Biden administration imposed thetoughest sanctions yet on Russian oil. The ...

The Organisation of the Petroleum Exporting Countries (OPEC) has said that the activities of the Dangote Refinery are impacting the European fuel market, as it has reduced Nigeria's dependence on ...

Oil edged lower after an industry report pointed to the first gain in US crude stockpiles since mid-November, as the market watched for further pledges on global trade from President Donald Trump.Most ...

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

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The Organisation of Petroleum Exporting Countries (OPEC) and allies ... aimed at maintaining stability in the global oil market. The group gave the reaffirmation during its 58th meeting of ...

The Organisation of the Petroleum Exporting Countries (OPEC) says the increase in petrol production at Dangote refinery will put pressure on the European market. In its monthly report published on ...