Oil producer group OPEC made a bold prediction on Thursday that global oil prices will continue to rise till 2050, contrary to the view of many independent groups. The Organization of the Petroleum ...

Oil prices rose on Friday, following US President Donald Trump's announcement of an upcoming statement concerning Russia, which hinted at potential additional sanctions on the significant ...

Oil prices moved back over $67 a barrel after Saudi Arabia unexpectedly raised prices for its Arab Light crude sold to buyers in Asia, according to Bloomberg. The hike adds $1 per barrel, bringing the ...

OPEC is sticking to its guns while everyone else is screaming climate emergency. The cartel now says global oil demand will hit 123 million barrels a day by ...

Oil prices steadied in early trading on Friday following a 2% drop in the previous session that was driven by U.S. President Donald Trump's new tariffs, expected to hurt economic growth, and a cut to ...

OPEC’s bullish forecast deviates from other recent projections made within the energy sector, such as the International Energy Agency, which has predicted that global oil demand will peak by 2029.

CNBC's Dan Murphy goes behind the scenes at OPEC HQ in Vienna, Austria and speaks with Secretary-General Haitham Al-Ghais.