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.

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, 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 ...

LONDON, Jan 15 (Reuters) - OPEC forecast on Wednesday world oil demand in 2026 will rise at a similar rate to this year, while reducing its figure for 2024 for a sixth time, following economic ...

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

11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient The Organization of Petroleum Exporting Countries (OPEC) has released its latest Monthly Oil Market ...

Iranian president calls for solidarity from OPEC Iran says unilateral sanctions on oil would destabilise market OPEC secretary general visits Iran, OPEC says on X DUBAI, Feb 5 (Reuters ...

Global oil markets will face a widening glut in 2026 as OPEC brings back production and output from the US, Canada and Guyana continues to grow, the US government said in its first set of ...

Saudi Arabia's energy minister convened a meeting with his counterparts from the United Arab Emirates (UAE), Iraq, and Libya on Monday.

Iran Calls for OPEC to Unite Against Potential US Oil Sanctions By Elwely Elwelly DUBAI (Reuters) - Iran's President Masoud Pezeshkian urged OPEC members to unite against possible U.S. sanctions ...