By Alex Lawler LONDON, Feb. 9 (Reuters) - OPEC's oil output fell in January due to lower supply from Nigeria and Libya, a ...

In the 1960s, major oil-producing nations formed a cartel to drive up the price of oil. It worked. For decades, nations in ...

By Olesya Astakhova, Ahmad Ghaddar and Alex Lawler MOSCOW/LONDON, Feb 1 (Reuters) - OPEC+ agreed to keep its oil output ...

Iran’s crude oil production edged down marginally in December 2025 even as overall output by the Organization of the Petroleum Exporting Countries (OPEC) increased, according to the group’s latest ...

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 ...

Four OPEC+ producers have submitted updated compensation plans to offset past overproduction, with Kazakhstan facing by far ...

A former president of Opec enjoyed a “life of luxury” in the UK including chauffeur-driven cars and a personal shopper at Harrods thanks to bribes she received from oil tycoons while she was a ...

The Opec+ is likely to keep its pause on oil output increases for March when it meets tomorrow, five delegates told Reuters, ...

Diezani Alison-Madueke accepted cash bribes and “vast quantities” of luxury perks in exchange for handing over lucrative ...

OPEC+ agreed to keep its oil output unchanged for March at a meeting, the producer group said on Sunday, even after crude ...