OPEC

The Organization of Petroleum Exporting Countries is moving toward maximizing its members' profit and stabilizing the market, the National Iranian Oil Company's former deputy for international…

Iran continues to remain a top performer in a global deal to cut oil supplies as data by OPEC showed the country pump around 3.82 million barrels per day for a second consecutive month in…

OPEC and other countries that agreed to cut crude production are converging on the need to extend the pact beyond June to help to clear a supply glut, Saudi Arabia's OPEC governor said on Friday…

OPEC oil output fell for a fourth straight month in April, a Reuters survey found on Tuesday, as top exporter Saudi Arabia kept production below its target while maintenance and unrest cut…

An OPEC and non-OPEC technical committee recommended that producers extend a global deal to cut oil supplies for another six months from June, a source familiar with the matter said, in an effort…

Iran will probably be allowed to keep its oil production unchanged if OPEC decides to extend its six-month agreement on output cuts beyond June, Kuwaiti Oil Minister Issam Almarzooq said,…

OPEC has upgraded its world oil demand forecast to 1.27 million barrels per day, an upwards revision of 10,000 barrels per day.

The increase is said to reflect growing demand from Asia,…

International oil prices increased following cuts in oil production in January, but the market has rigidly demonstrated that it remains too complex to be manipulated by just removing a limited…

Last week was a difficult spell for oil prices, which dropped to below the $50 a barrel threshold for the first time this year. But the cost of a barrel of oil could jump to $60 by the end of the…

Oil inventories onshore and offshore are responding to production cuts implemented by OPEC, the secretary-general of the organization, Mohammad Barkindo, said on Sunday.

OPEC-led production…

Iran said on Thursday an increase in oil prices to more than $55 per barrel was not in the interest of OPEC as it would lead to a rise in output by non-OPEC producers.

With non-OPEC producers poised to grow again, OPEC will need to increase oil output by just 2.2 million barrels per day to meet global incremental oil demand of about 5.5 million bpd in 2017-22,…

Iran's crude oil production rose by 50,200 barrels per day in January over the previous month, reaching 3.75 million bpd, OPEC said in its monthly report on Monday, citing secondary sources.

OPEC cut output by 840,000 barrels a day last month, but has more work to do to fully comply with last year’s historic production deal.

The Organization of Petroleum Exporting Countries…

Oil supplies from OPEC are plunging this month as the group implements production cuts aimed at erasing a global surplus, according to tanker-tracker Petro-Logistics SA.

The Organization of…

OPEC oil production fell in December but remains well above levels envisaged under a recent deal that took effect in January, the organization's monthly report showed on Wednesday.

Total…

Oil Minister Bijan Namdar Zanganeh on Sunday urged non-OPEC producers to join an OPEC-led initiative to cut crude production to rebalance the market and lift prices.

“Members of the…