OPEC Secretary General Haitham Al Ghais speaks exclusively to CNBC’s Dan Murphy at ADIPEC in Abu Dhabi. He discusses OPEC’s ...

There are currently serious fears about a glut in the oil markets – too much oil. And an abundance of oil has the effect of ...

Discover how OPEC, the global oil cartel, influences oil prices and production in 2024. Learn about its member nations, history, challenges, and current strategies.

OPEC is pursuing a long-term strategy to increase its market share and is unwinding production cuts, with oil prices remaining strong due to factors beyond OPEC's direct control. The rise in oil ...

Oil prices climbed in early Asian trade on Monday after OPEC+ decided to hold off production hikes in the first quarter of next year, easing rising fears of a supply glut.

The move caps a dramatic month in oil markets, riven by concerns of a supply glut and uncertainty over sanctions on Russian ...

OPEC's oil output rose further in October after an OPEC+ agreement to raise production, a Reuters survey found on Tuesday, ...

Iraq was in negotiations over the size of its quota within its available capacity of 5.5 million barrels per day.

"We are making sure we maintain the supply demand balance", Ghais added at a panel at ADIPEC energy conference in Abu Dhabi ...

Global markets react to new Trump sanctions on Russian oil. Learn how rising oil prices may impact inflation and investment.

Oil prices eased slightly on Monday as OPEC's plans to increase oil output once again outweighed hopes of a trade deal ...

OPEC+ is currently expected to focus on reviving another modest sliver of oil production in December as a base case when key ...