The Gulf Arab states have cut production because they are unable to export through the Strait of Hormuz due to the war.

By Alex Lawler LONDON, April 13 (Reuters) - OPEC on Monday lowered its forecast for world oil demand in the second quarter by ...

Many groups, including the International Energy Agency, predict that the world’s peak oil production is close, and global oil demand will drop starting in the next decade as more renewables come ...

Yahoo Finance Markets and Data Editor Jared Blikre tracks Tuesday's top moving stocks and biggest market stories.In March, the Organization of the Petroleum Exporting Countries (OPEC) saw the largest ...

A flurry of bets on Brent crude falling below $60 a barrel this year changed hands in recent days, a sign investors are hedging against the risk of another large production hike from OPEC and its ...

Global oil demand is projected to average 105.07 million bpd in the second quarter, OPEC's report said, down from the 105.57 ...

The Organization of the Petroleum Exporting Countries (OPEC) has disclosed that Nigeria’s crude oil output, excluding ...

Reuters.com is your online source for the latest news stories and current events, ensuring our readers up to date with any ...

OPEC+ blindsided oil market participants, again, with a larger-than-expected oil production hike for August. Instead of the widely expected 411,000 barrels per day (bpd), the group of eight OPEC+ ...

The purpose of OPEC is to “coordinate and unify the petroleum policies of its Member Countries and ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply ...