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First Russia tossed a hand grenade into global oil markets. Then Saudi Arabia dropped a bomb. After the dramatic collapse of an alliance between the OPEC oil cartel and Russia, a one-day plunge of more than 30% in oil prices sent shockwaves throu.....»»

The oil cartel should get realistic about the potential impact the Covid-19 virus will have on China’s economy, and the rest of the world......»»

Oil Jumps After OPEC Agrees To 500,000 bpd Production Cut One day after the latest OPEC summit in Vienna ended in chaos and disarray, with the cartel unable to decide.....»»

OPEC is expected to announce that the cartel will slash an additional 500,000 barrels a day from production, lowering daily global crude oil supply by 1.7 million barrels a day......»»

The semi-annual meeting of OPEC oil ministers begins Thursday in Vienna. The cartel is wrestling a number of issues that are competing for attention as it tries to determine the best path forward to........»»

U.S. oil producers could expand daily output by 1 million barrels next year, or by as little as 100,000 barrels, with the wide gap creating huge uncertainty as OPEC officials gather this week to weigh production curbs......»»

The Organization of the Petroleum Exporting Countries on Thursday trimmed its forecast for crude production by the U.S. in 2020. The cartel,.....»»

OPEC said Tuesday it expects its oil supplies to fall continuously over the next five years, suggesting the cartel may need to keep cutting output to stabilize prices amid a bigger-than-expected U.S. production boom and sluggish oil demand......»»

OPEC on Tuesday released its World Oil Outlook to 2040. The cartel sees demand for renewables rising faster than demand for oil, but expects fossil fuels to continue to account for more than half of........»»

OPEC crude oil sold for a sharply lower price in August and the cartel has now revised downward most of its projections for growth in both 2019 and 2020......»»

OPEC crude oil sold for a sharply lower price in August and the cartel has now revised downward most of its projections for growth in both 2019 and 2020......»»

OPEC crude oil sold for a sharply lower price in August and the cartel has now revised downward most of its projections for growth in both 2019 and 2020......»»

Oil futures prices firm early Wednesday, trending back near the five-month closing highs reached earlier this week, as investors awaited U.S. inventory data and a monthly OPEC report meant to show how much output the cartel and its allies cut in March......»»

President Donald Trump called for OPEC, the international oil cartel, to boost production am.....»»

Oil extended declines after President Donald Trump renewed his criticism on OPEC, saying the cartel should lift crude production......»»

Oil extended declines after President Donald Trump renewed his criticism on OPEC, saying the cartel should lift crude production......»»

OPEC is sending a clear message to Wall Street banks and big investors: if Washington passes legislation that would allow the U.S. government to sue the cartel, the first victim will be shale......»»

Several members of the OPEC responded to Trump's tweet, saying prices were not artificially inflated.....»»

After the cartel showed a willingness to further tighten crude markets. U.S. President D.....»»

President Donald Trump says oil-producing cartel OPEC "is at it again," and that efforts to maintain high prices "will not be accepted!".....»»