in taking orders from OPEC headquarters about how much oil they can produce.” What Is the Structure of OPEC? Headquartered in Vienna, Austria, the organization has three primary organs ...

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

The Organization of the Petroleum Exporting Countries cut its forecast for oil-demand growth for the fourth consecutive month ...

OPEC said earlier the participating countries would hold the first offline meeting in OPEC headquarters in Vienna on October 5 MOSCOW, October 3. /TASS/. The meeting of the OPEC+ Joint Technical ...

Oil ministers from the 12 OPEC (Organization of Petroleum Exporting Countries) meeting in the Austrian capital Vienna over the weekend decided to keep oil production at current levels. Some ...

The forecasts come amid a slowing Chinese economy, which has significantly hit oil demand and abundant global supply.

OPEC has lowered its forecast for global oil demand growth for the fourth consecutive time. The organization now predicts ...