By Irina Slav for Oilprice.com Italy’s former PM, Mario Draghi, suggested it first, then U.S. Treasury Secretary, Janet Yellen took up the...
OPEC leader Saudi Arabia said that OPEC stands ready to cut production to correct a recent drop in oil prices caused by...
Amid expectations of strong demand this summer and tight supply, Saudi Arabia raised July prices for its crude in most regions except...
Saudi Arabia is driving demand for offshore drilling rigs as it seeks to boost its production capacity over the next few years,...
Angola, Congo, Equatorial Guinea, and Nigeria were the largest under producers, in terms of percentages—or rather those missing their ramp-up targets for...
In its July 1 meeting, the OPEC+ Joint Ministerial Monitoring Committee, including Russia and Saudi Arabia, has recommended a gradual increase of...
The meeting of Organization of the Petroleum Exporting Countries and allied producers (OPEC+) concluded with an agreement to maintain stable production in...
By Ellen R. Wald (Bloomberg Opinion) — This week marks the 60th anniversary of OPEC, the cartel of major oil exporters that...
Russia produced more crude oil than Saudi Arabia in June, beating it to the second place of the largest oil producers in...
Crude prices rose as much as 10% on Friday as jawboning by OPEC members speaking anonymously to the media helped to add...