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 ...

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

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.

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

Oil prices stabilize as traders balance concerns over potential surplus and the impact of US sanctions against Russia on global oil output.

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

OIL steadied as traders weighed concerns about a glut and fallout from US sanctions against Russia at the start of a ...

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

Iraq was in negotiations over the size of its quota within its available capacity of 5.5 million barrels per day.

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 ...