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OPEC names Guyana in ‘growing supply threat from rivals’ forecast

The Organization of Petroleum Exporting Countries (OPEC) in its latest forecast points to a weaker outlook for global oil markets this year as surging...

Venezuela increases oil output amid drive to keep world inventories low

(MercoPress) The Organization of Petroleum Exporting Countries (OPEC) reported on Wednesday a gradual recovery in Venezuela's oil production with a figure of 912,000 barrels...

OPEC and allies agree to deepest oil output cuts in a...

OPEC and allies led by Russia on Thursday agreed one of the deepest output cuts this decade to support crude prices and prevent a...

Guyana among countries set to push non-OPEC production

Combined oil production from non-OPEC countries such as Guyana is expected to grow at record speed in 2020, creating a headache for the Organization...

Brazil + OPEC forever? Hold off on those wedding invites says...

At an October forum in Saudi Arabia, Brazil’s president Jair Bolsonaro suggested that he would like to see Brazil join OPEC. If such a...

Demand for OPEC crude expected to slide as Guyana, other producers...

Demand for oil from the Organization of Petroleum Exporting Countries (OPEC) is expected to slide as the oil cartel’s market share shrink in coming...

OPEC’s mission to bolster oil market enters make-or-break phase

(Bloomberg) The latest mission by OPEC and its partners to contain an oil glut is entering its most critical phase. Saudi Arabia, Russia and other...

Oil prices dive 4% as OPEC meeting ends with no details...

(CNBC) Oil prices tumbled 4 percent on Thursday as OPEC reportedly agreed to cut production, but ended its closely-watched meeting without a decision on...

IEA urges OPEC to open the taps as oil market enters...

(Bloomberg) The International Energy Agency made a direct appeal to OPEC and other major oil producers to boost output, warning that prices are inflicting...

Oil falls after Trump criticizes OPEC for artificially high prices

(Reuters) - Oil prices fell on Friday after U.S. President Donald Trump criticized OPEC and said oil prices were artificially high, but they were...