Bringing Venezuela’s output under U.S. control has the potential to disrupt the power balance in the world market.

The cartel projects demand will rise by 1.34 million barrels a day next year, slightly below its estimate for 2026.

President Trump said in an interview Wednesday that he supports Venezuela staying in the Organization of the Petroleum ...

Crude oil prices across Organization of the Petroleum Exporting Countries (OPEC)-linked grades declined in December 2025 as global market conditions tilted decisively ...

OPEC is pursuing a long-term strategy to increase its market share and is unwinding production cuts, with oil prices remaining strong due to factors beyond OPEC's direct control. The rise in oil ...

By Nidhi Verma NEW DELHI, Jan 15 (Reuters) - India's Russian oil imports fell to their lowest level in two years in December, ...

The biennial OPEC Seminar conference took place over July 9-10 at the Hofburg palace in Vienna. Key attendees included Saudi Prince and Energy Minister Abdulaziz bin Salman, along with a slew of other ...

VIENNA -- The Organization of the Petroleum Exporting Countries (OPEC) said on Wednesday that the global oil demand for 2027 ...

OPEC on Wednesday said world oil demand would rise at a similar pace in 2027 as this year and published data indicating a ...