BEIRUT — The United Arab Emirates announced Tuesday that it would exit the Organization of the Petroleum Exporting Countries, or OPEC, along with the wider group of partners known as OPEC+, effective ...

OPEC is a coalition of oil-producing countries that coordinates policies and production quotas to influence global oil prices. The group was formed in 1960 by Saudi Arabia, Iran, Iraq, Kuwait and ...

OPEC sought to project a united front Sunday, agreeing to a symbolic increase in oil output just days after the bombshell departure of the United Arab Emirates. But the pledge masks fault lines that ...

The Iran war exposed a long-simmering feud within the world's most powerful oil cartel, boiling over this spring when it contended with the biggest oil supply shock in history. Now OPEC, the largest ...

African oil producer Equatorial Guinea will next week pass a new package of favorable terms for oil explorers, with the ...

Discover the surprising dynamics of global crude oil production, highlighting the roles of non-OPEC countries like the US, ...

The United Arab Emirates (UAE) shocked the global oil market in April when it announced it would leave OPEC in May. The UAE had been an OPEC member since 1967 and was the third-largest oil producer in ...

Add Yahoo as a preferred source to see more of our stories on Google. FILE PHOTO: An installation depicting barrel of oil with the logo of Organization of the Petroleum Exporting Countries (OPEC) is ...

These are hard times for multinationalism. The North Atlantic Treaty Organization lies in tatters, the World Trade Organization is on life support, the World Health Organization is losing its ...

A founding member of OPEC is walking out mid-crisis, and the timing is the part traders cannot stop arguing about.

Oil production among OPEC members fell more than 30% since the beginning of the Iran war, the organization said. AFP Oil production among OPEC members fell more than 30% since the beginning of the ...

OPEC Plus announced Sunday it will institute a small bump in oil production next month, even as the group adjusts to the sudden loss of a key member. The alliance said output will be raised in June by ...