OPEC - /contrib/opec

OPEC+ surprise deep oil production cuts agreed this week are set to benefit Russia most while tightening supply to the West already suffering from record energy prices.

Major oil producers meeting in Vienna Wednesday agreed to reduce their collective crude production levels by 2 million barrels a day starting next month, but...

Congressional lawmakers blasted the United States's continued reliance on foreign energy after OPEC+ agreed to slash oil production by more than two million barrels a day.

OPEC+ alliance makes big cut to world oil production to boost sagging prices, which could mean rising costs at the pump

The Organization of the Petroleum Exporting Countries (OPEC) and its oil-exporting allies announced a 2 million barrel per day cut in oil production Wednesday, bucking months of pressure from Washington to increase production and potentially spiking gas p

OPEC+ looks set for deep oil output cuts when it meets on Wednesday, curbing supply in an already tight market despite and other consuming countries to pump more.

(Bloomberg) -- Oil surged in early Asian trading after delegates said OPEC+ was considering cutting output by more than 1 million barrels a day when the group meets this week to stem a slide in prices.Most Read from BloombergCredit Suisse CEO Seeks to Cal

OPEC+ ministers are meeting on Sunday in another attempt to agree a quick oil supply boost to address soaring prices as the global economy recovers from the coronavirus pandemic

President Donald Trump directed his Twitter fire Wednesday morning at OPEC, blaming the international oil cartel for rising gas prices.

A U.S. call for more oil from OPEC and a negative trend line for the price of Brent crude oil helped lead oil prices toward a second day of declines on Tuesday.

The U.S. government has quietly asked Saudi Arabia and some other OPEC producers to increase oil production by about 1 million barrels a day, according to people familiar with the matter.