A worst-case scenario for the West would be if OPEC members embargo oil exports to the U.S. and its key allies.

OPEC on Tuesday said oil market stability is key to investment and global economic development and the producers cartel has ...

The location of the US Strategic Petroleum Reserve and the critical role it has played and will continue to play during ...

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

Oil prices climbed about 2% on Tuesday to a two-week high, as sanctions raised concerns about Russian and Iranian oil ...

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

OPEC Secretary General highlights the necessity of oil for energy security and economic growth, advocating for a balanced ...

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

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

Neither OPEC nor US shale firms appear willing to increase oil supply, despite President Trump's pledge to bring down energy ...

The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Haitham Al Ghais has said that many global ...

According to OPEC's World Oil Outlook 2024, global oil demand is expected to exceed 120.1mln barrels per day by the end 2050, ...