In 1960, frustrated by Western control over the world’s oil industry, five of the world’s top oil-producing nations created the Organization of the Petroleum Exporting Countries, or OPEC.

Crude oil is dispensed into a bottle in this illustration photo. — REUTERS LONDON – OPEC cut its forecast for global oil demand growth this year and next on Tuesday, highlighting weakness in China, ...

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 ...

Crude output from the Other 8 OPEC producers (those not part of the Big 4) has risen at an average annual rate of 447 kb/d for the past 36 months. The OPEC Monthly Oil Market Report (MOMR ...

Bloomberg survey: OPEC production rose by 370,000 bpd in October. Libya’s output recovery led OPEC to raise its production to nearly 30 million barrels daily. Iraq, Iran and Saudi Arabia saw ...