While Big Oil companies like Exxon and Chevron are invested in OPEC countries, tensions arise as state-controlled production limits investor returns. The relationship between OPEC and Big Oil is ...

It’s reminiscent of a decade ago when OPEC refused to cut production in hopes that falling prices would squeeze out higher-cost U.S. shale. OPEC chose not to cede market share to the United ...

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 ...

[Stay on top of transportation news: Get TTNews in your inbox.] OPEC doubled down on forecasts that global oil demand will keep growing to the middle of the century, an outlier view that ...

LONDON, Sept 10 (Reuters) - OPEC on Tuesday cut its forecast for global oil demand growth in 2024 reflecting data received so far this year and also trimmed its expectation for next year ...

OPEC cut its 2024 oil demand growth forecast to 2 million bpd. China's economic problems serve as the key catalyst for the weakness in oil markets. Oil prices may stay under material pressure in ...

Global demand for oil is set to climb over the next two decades, with the fossil fuel expected to hold a nearly 30% share of the energy mix even as the world ramps up efforts to reduce emissions ...

The Organization of the Petroleum Exporting Countries slightly cut its forecast for oil-demand growth after delaying its planned output hikes last week in a bid to support sinking prices. The ...

LONDON, Sept 2 (Reuters) - OPEC oil output fell in August to its lowest since January, a Reuters survey found on Monday, as unrest that disrupted Libyan supply added to the impact of ongoing ...

OPEC Plus will extend its cuts until at least December. Demand has weakened, and other countries, including the United States, are expected to continue to increase production. By Stanley Reed ...

OPEC on Tuesday cut its forecast for global oil demand growth in 2024, reflecting data received so far this year and also trimmed its expectation for next year, marking the producer group’s ...