OPEC oil output fell in December after two months of increases, a Reuters survey found, as a drop from the United Arab ...

Opec-plus’ crude average production averaged 40.81 million b/d, a decline of 1.18 million b/d compared with 2023.

OPEC’s crude production dipped last month as the United Arab Emirates stepped up implementation of supply cutbacks aimed at ...

Oil prices rose on Wednesday as supplies from Russia and OPEC members tightened while data showing an unexpected increase in ...

The Organisation of Petroleum Export Countries (OPEC) has disclosed that Nigeria surpassed its December quota, with oil ...

OPEC's position in the oil market is slipping ... At the same time, non-member countries continue to pump crude at a record pace. Since mid-2023, OPEC+ economies have voluntarily reduced crude ...

Also notable, Saudi Arabia, OPEC's largest member, requires an oil price of $96 to balance its budget, underscoring the group's incentive to push for higher prices. Shifting market dynamics are ...

In this article, we are going to discuss the 16 countries with the largest proven ... (excluding oil sands), with 79.1% located in OPEC member countries. READ ALSO: 15 States with the Largest ...

In the case of oil, the answer in 1960 was the formation of a producer’s cartel: the Organization of the Petroleum Exporting Countries ... oil that enriched Opec’s members.