The Organisation of the Petroleum Exporting Countries (Opec) said it expected the global economy to remain resilient in the ...

Output for March 2025 was revised higher by 2 kb/d and April 2025 output was revised higher by 128 kb/d compared to last ...

The Organization of the Petroleum Exporting Countries (OPEC) produced less crude oil in May than its laid out plans.

Iran is ranked third, possessing 208,600 million barrels, or 208 billion barrels. Iraq takes fourth place with 145,019 ...

OPEC said on Monday it expected the global economy to remain resilient in the second half of this year and trimmed its ...

Key OPEC+ nations added less oil to the market last month than the headline figure of its output plan, as the cartel’s ...

The cartel trimmed next year’s forecast for supply growth from the U.S. and other rivals while keeping its oil demand ...

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

The OPEC Fund For International Development has pledged to provide more than $1 billion in funding to Africa and developing countries elsewhere as part of a broader $2 billion pledge by Arab nations ...

Vladimir Putin met with OPEC Secretary General Haitham Al Ghais on the sidelines of the International Economic Forum.

The East African Development Bank (EADB) has taken a significant leap forward in fostering sustainable economic development ...

The Gulf states are looking beyond oil and the internal combustion engine.