The backdrop of the group’s production boost is a murky market landscape: Brent crude oil prices have dropped nearly 19% since early April, falling to below $74 per barrel, driven by demand fears in ...

OPEC's oil production increased in October due to Libya's return to full capacity, offsetting declines from other members.

Oil prices held near a two-week low on Tuesday after dropping about 5% over the past two sessions as investors absorbed ...

September 27, 2016. Oil prices rose modestly ahead of a meeting of producers from the Organization of the Petroleum Exporting Countries (OPEC) cartel and Russia in Algeria on September 28 that ...

OPEC oil output rebounded in October from its lowest this year the previous month as Libya resolved a political crisis, a ...

The Organization of the Petroleum Exporting Countries (OPEC+) on Sunday agreed to extend output cuts through next year, ...

OPEC said this year's demand growth was still above the historical average of 1.4 million bpd seen prior to the COVID-19 pandemic, which caused a plunge in oil use. For next year, OPEC cut its ...