Saudi Arabia has been working to foil any agreements that renew a pledge to transition away from fossil fuels, according to negotiators, says the New York Times. "Maybe they've been emboldened by ...

Austrian utility OMV says supplies from Russia’s state-owned natural gas company Gazprom stopped early Saturday after the ...

Austria's chancellor says Russia’s state-owned natural gas company Gazrom will cut off supplies early Saturday to Austrian ...

The group’s members have shown a lack of confidence in the Vienna-based secretariat’s forecasts. Led by Saudi Arabia, OPEC ...

Born in 1949 in Venezuela, Carlos was raised in a family with a strong political background. His father, a Marxist, instilled in him a radical perspective from a young age. By his teenage years, ...

"I am not so sure who would Opec prefer, but a trade war would mean lower demand," Leon told AFP, adding a trade war was "likely" if Republican Donald Trump wins. OPEC+ ministers are due to meet in ...

In June, OPEC said 2.2 million barrels a day in voluntary cuts were extended until September but would then be gradually reduced month by month until they are eliminated by September 2025.

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

Saudi Arabia and allied oil producing countries on Sunday said they would postpone a plan to gradually increase oil output until the end of the year. The eight members of OPEC+ were due to begin ...

No reason was given for the move, which comes ahead of the U.S. presidential election on Nov. 5. In June, OPEC said 2.2 ...

Geopolitical uncertainty will probably garner the lion's share of the blame for OPEC+'s decision to once again delay raising ...