The eight OPEC+ members - Saudi Arabia, Russia, the UAE, Kazakhstan, Kuwait, Iraq, Algeria and Oman - raised oil output ...

Clip 3: Raymond Learsy describes what economists refer to as price leadership by connecting the pricing behavior of OPEC to the strategic behavior of companies like Exxon Mobil. Explain this concept ...

The global oil market is likely to be under pressure in 2026 as growing supply and weak demand curb prices, and traders ...

China now drives short-term oil price moves as its opaque import patterns, refinery margins, and strategic stockpiling ...

Four key Opec+ producers have pledged to deepen their compensation cuts in the first half of 2026 as the organization looks to improve compliance amid oversupplied oil markets.

OPEC+ faces a major oil oversupply in 2025, challenging production increases. The coalition has tried to boost oil prices by holding back output. Instead, members are ceding control to non-OPEC ...

The OPEC Secretariat announced on Wednesday that it had received updated compensation plans from Iraq, the UAE, Kazakhstan, ...

Oil producers inside and outside the Organization of the Petroleum Exporting Countries are quietly shifting from restraint to expansion, lifting output even as demand signals look uneven. The result ...

OPEC has ramped up oil output in recent months, driven by shifting market and geopolitical dynamics. Wealthspire’s Chris Maxey explains what the production increase signals for OPEC’s strategy in 2026 ...

FILE - Saudi Arabia's Crown Prince Mohammed bin Salman, left, talks with Russian President Vladimir Putin, right, during the G-20 summit event on the Digital Economy in Osaka, Japan, on June 28, 2019.

Oil markets shuddered after a surprise announcement this weekend that Saudi Arabia and other oil-producing countries would cut their output of crude oil, potentially pushing up gas prices just as ...

Forbes contributors publish independent expert analyses and insights. Making wealth creation easy, accessible and transparent. OPEC controls 40% of the world’s oil production and accounts for 60% of ...