OPEC

Oil prices eased in volatile trading on Wednesday as the market gave more weight to a bigger-than-expected US crude inventory build than Russia's comments about a possible meeting with...

President-elect Donald Trump is very unlikely to restrict imports of crude oil from Saudi Arabia despite threats to do so issued during the election campaign. Trump is first and...

A number of energy ministers from OPEC oil-producing countries are likely to meet informally in Doha, Qatar, on Friday to try to build consensus over decisions taken by the...

Oil prices fell in early trading on Friday, as the market refocused on a persistent fuel supply overhang that is not expected to abate unless OPEC and other producers...

Oil prices steadied today as markets recovered from their initial shock at US President-elect Donald Trump's victory, but investors were cautious ahead of a key Organisation of the Petroleum...

Disputes between Saudi Arabia and rival Iran resurfaced at a meeting of OPEC experts last week, with Riyadh saying it could raise oil output steeply to bring prices down...

A report by OPEC shows that Saudi Arabia, Iraq and Kuwait control about 30 per cent of global oil reserves, Quds Press reported on Sunday. The monthly report said...

Kuwait began operating its first-ever solar power plant on Wednesday at the Umm Gudair oil field, a landmark for the OPEC member country as it seeks to diversify its...

Oil prices came under pressure today as Iraq said it wanted to be exempt from an OPEC deal to cut production, Reuters reported. Losses, however, were capped by Iran...