The cartel keeps turning the taps, but the price is being set somewhere else entirely.

OPEC plans to hike production by 200,000 barrels per day despite the Strait of Hormuz remaining closed, making it ...

The cartel’s move to increase output by 188,000 barrels per day is largely symbolic, with vast amounts of the world’s oil ...

The move is widely seen as symbolic as the war in the Middle East has choked off a critical waterway through which a fifth of ...

The decision by the United Arab Emirates to leave the OPEC oil cartel shook up the 65-year-old alliance that produ ...

OPEC+ ministers are set to meet amid soaring oil prices driven by geopolitical tensions. Will their decisions affect fuel ...

Seven major oil producing nations have agreed to raise production next month by 188,000 barrels a day, the fourth production ...

The UAE's departure from OPEC could trigger a domino effect, experts say, potentially leading to lower gasoline prices within ...

The UAE said it decided leaving OPEC was in its national interest after reviewing its production policy and capacity.

OPEC crude output fell last month, hitting its lowest level in decades as the US blockade of Iran and disruption in the ...

The Arab oil producer has long expressed frustration with the quotas it has to follow as part of OPEC, the cartel of major state-owned oil producers.

President Donald Trump said he supports the United Arab Emirates' decision to leave the international oil cartel OPEC. Trump said he believes the move will bring down energy prices, which have ...