Tough US sanctions on Russian oil are allowing the biggest Middle Eastern producers to raise prices for their main market by ...

Despite Nigeria's plans to increase crude production, it has seen a major decline in daily crude production in January 2025, ...

Iran's oil minister said imposing unilateral sanctions on crude producers would destabilise energy markets, the ministry's ...

The Opec+ alliance has stuck to its production policy amid pressure from US President Donald Trump to lower crude prices by ...

OPEC oil output fell in January for a second month, a Reuters survey found, as a drop in exports from Nigeria and Iran offset ...

The OPEC Fund contributed $25 million from its own resources as the A-lender and mobilized an additional $25 million B-loan ...

Iran's President Masoud Pezeshkian has urged OPEC members to unite against possible U.S. sanctions after U.S. President ...

Saudi Arabia's energy minister and several of his OPEC+ counterparts held talks following Trump’s call to lower oil prices, ...

Opec will stop using the US Energy Information Administration (EIA) to independently monitor its members’ production levels, ...

OPEC pumped an average of just over 27 million barrels a day in January, about 70,000 a day less than the month before.

Trump is pressuring Saudi Arabia and other OPEC members to expand oil production in order to lower prices. TD Securities' ...

The OPEC Fund for International Development (the OPEC Fund) has arranged a syndicated loan with a US$50 million facility for ...