OPEC's cautious supply return strategy is being seen by many as a price war, but it aims more to balance long-term market share and avoid severe budget impacts than to sharply undercut prices.

Top political leaders will gather in Kananaskis until June 17, marking a half-century of international co-operation among ...

Iran has threatened to block the Strait of Hormuz on several occasions over the years, including in January 2012 in ...

Though OPEC may say its job is to keep prices stable, in fact the market swings up and down. When prices are up, Saudi Arabia ...

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

The focus of this post is an overview of World oil production, along with a more detailed review of the top 11 Non-OPEC oil ...

In a possible sign that the unwinding of OPEC+ production cuts could increase seaborne volumes, the combined crude tanker ...

OPEC’s secretary-general projects a 24% rise in global oil demand by 2050 and warns of dire consequences from chronic ...

Oil demand growth will remain robust over the next two and a half decades as the world population grows, OPEC Secretary ...

Crude oil futures started the week higher as the market weighs doubts about how much extra oil OPEC+ countries have placed on ...

OPEC+ members Algeria, Iraq, Kuwait, Saudi Arabia and the United Arab Emirates increased oil output by just 180,000 barrels ...