In 1960, frustrated by Western control over the world’s oil industry, five of the world’s top oil-producing nations created the Organization of the Petroleum Exporting Countries, or OPEC.

OPEC, or the Organization of the Petroleum Exporting Countries, serves as an organizing body of the world's largest producers of oil. Its purpose, per its website, is to "coordinate and unify the ...

Kazakhstan hiked February output to record high, source says OPEC+ to boost output by 138,000 bpd in April Trump wants OPEC to produce more oil DUBAI/MOSCOW/LONDON, March 4 (Reuters) - As OPEC+ ...

The group includes the 12 members of OPEC, the longstanding group set up to coordinate oil production to stabilize markets, plus 10 more significant oil-producing nations with Russia by far the ...