Members of the Organization of Petroleum Exporting Countries and their allies decided over the weekend to boost oil output by ...

OPEC Secretary General Haitham Al Ghais speaks exclusively to CNBC’s Dan Murphy at ADIPEC in Abu Dhabi. He discusses OPEC’s ...

Eight members of the oil cartel agreed on Sunday to a small increase but said they would now pause in adding more oil, reflecting market concerns about an oversupply.

The decision by OPEC and its allies on Sunday to keep oil output targets steady in the first quarter of next year came after ...

There are currently serious fears about a glut in the oil markets – too much oil. And an abundance of oil has the effect of ...

Discover how OPEC, the global oil cartel, influences oil prices and production in 2024. Learn about its member nations, history, challenges, and current strategies.

"We are making sure we maintain the supply demand balance", Ghais added at a panel at ADIPEC energy conference in Abu Dhabi ...

OPEC's oil output rose further in October after an OPEC+ agreement to raise production, a Reuters survey found on Tuesday, ...

OPEC+ faces a major oil oversupply in 2025, challenging production increases. The coalition has tried to boost oil prices by holding back output. Instead, members are ceding control to non-OPEC ...

OPEC raised oil production slightly last month as key members began gradually restarting another layer of halted supplies, according to a Bloomberg survey.

Rising oil production in the US, Guyana, and Brazil is challenging OPEC's ability to reverse its output cuts. The EIA forecasts that global oil supply will fall short of demand in the second half of ...