The Organisation of the Petroleum Exporting Countries (Opec) said it expected the global economy to remain resilient in the ...

The Organization of the Petroleum Exporting Countries (OPEC) produced less crude oil in May than its laid out plans.

OPEC said on Monday it expected the global economy to remain resilient in the second half of this year and trimmed its ...

Key OPEC+ nations added less oil to the market last month than the headline figure of its output plan, as the cartel’s ...

Output for March 2025 was revised higher by 2 kb/d and April 2025 output was revised higher by 128 kb/d compared to last ...

Iran is ranked third, possessing 208,600 million barrels, or 208 billion barrels. Iraq takes fourth place with 145,019 ...

Analysts said OPEC might not see any urgency to shift policy, as the surge in prices was driven by a rising risk premium ...

Goldman Sachs said markets are estimating a 65% likelihood of the U.S. intervening in the Middle East, though added there's a ...

OPEC's cautious supply return strategy is being seen by many as a price war, but it aims more to balance long-term market ...

The organization left its forecasts for global oil demand growth unchanged in 2025 and 2026, after reductions in April ...

The Organisation of the Petroleum Exporting Countries (OPEC) says it will maintain the global oil demand growth forecast at 1 ...

The East African Development Bank (EADB) has taken a significant leap forward in fostering sustainable economic development ...