By Alex Lawler, Olesya Astakhova and Ahmad Ghaddar LONDON, May 3 (Reuters) - OPEC+ is set to agree on Sunday a modest oil ...

A sub-group of OPEC+ states has provisionally agreed a modest quota increase for June despite the UAE’s departure, a delegate ...

Seven OPEC+ members are meeting Sunday to make their first decision on oil-production quotas since the United Arab Emirates' ...

In 1960, five major oil producing countries (Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela) formed the Organization of the Petroleum Exporting Countries (OPEC). The idea was to coordinate production ...

Donald Trump reacted after Iran submitted 14-point proposal to mediator Pakistan end war. US President said that he will be ...

UAE exits OPEC, issues travel ban and eases Dubai property visa rules, alongside Global Village offers and real estate growth ...

Seven Opec+ members are meeting today to make their first decision on oil-production quotas since the United Arab Emirates’ ...

The United Arab Emirates is the sixth member of the oil organization to quit. Its main reason for leaving OPEC and OPEC+ is ...

OPEC+ agreed to raise June output by 188,000 barrels daily amid West Asia tensions and Strait of Hormuz blockade. United Arab ...

The timing was almost theatrical. All day Tuesday, Emirati officials and government-aligned accounts had seeded social media with hints that something transformative was coming. Then Mohammed bin ...

The United Arab Emirates has left OPEC to pursue a nearly 50% increase in oil production, citing frustration with quota ...

By Olesya Astakhova and Alex Lawler LONDON, May 2 (Reuters) - Seven OPEC+ countries have an agreement in principle to raise ...