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OPEC FOUNDING MEMBERS
What is the G7 and what's on the agenda at the Evian-les-Bains summit?G7 leaders convene in France to tackle pressing global issues including the wars in Ukraine and Iran, and economic imbalances. Discussions ...15 Jun, 2026, 09.38 AM IST- Why are oil prices up now and will Brent futures and US WTI crude prices continue to rise or decline again? Oil market reacts to US-Iran escalation and Strait of Hormuz closureWhy are oil prices up now and will Brent futures and US WTI crude prices continue to rise or decline again? Oil markets moved higher after ...11 Jun, 2026, 09.01 AM IST
- OPEC oil output lowest since at least 2000 as US blockade squeezes Iran: ReportOPEC oil output in May plummeted to its lowest in over two decades, dropping by 1.06 million barrels per day. This significant decline was ...10 Jun, 2026, 08.21 PM IST
- Why is the UAE, OPEC’s third-largest oil producer, leaving OPEC? Will Iraq or Kuwait leave next, and what it means for oil prices and the cartel’s futureWhy is UAE leaving OPEC, will Iraq or Kuwait leave next? Nearly 3.5 million barrels per day are now at stake. The Organization of the Petro...28 Apr, 2026, 07.39 PM IST
- UAE walks out of OPEC & OPEC+ in high-stakes break, redraws global oil power lines amid West Asia turmoil28 Apr, 2026, 07.35 PM IST
- OPEC oil output plunges in March as war forces export cuts, Reuters survey findsOPEC oil production hit a low in March, the lowest since mid-2020. This significant drop was caused by export cuts. Major producers like Ku...31 Mar, 2026, 09.35 PM IST
- OPEC oil output rises in July led by UAE and Saudi, survey findsOPEC's oil output rose further in July after an OPEC+ agreement to raise production, a Reuters survey found on Friday, although the hike wa...08 Aug, 2025, 07.37 PM IST
- What is OPEC+ and how does it affect oil prices?OPEC+, a coalition of OPEC and its allies, is set to meet on June 2 to discuss their joint oil production policy. OPEC was founded in 1960 ...24 May, 2024, 03.53 PM IST
- OPEC switches to 'call on OPEC+' in global oil demand outlook, sources sayOPEC will stop publishing a calculation of the world's demand for its own crude in its monthly oil report, two sources close to the matter ...09 May, 2024, 09.10 PM IST
- OPEC+ members extend oil output cuts to second quarterSaudi Arabia, the de facto leader of the Organization of the Petroleum Exporting Countries (OPEC), said it would extend its voluntary cut o...03 Mar, 2024, 10.08 PM IST
- What are OPEC and OPEC+ and how do they affect your oil bills?OPEC was founded in 1960 in Baghdad by Iraq, Iran, Kuwait, Saudi Arabia and Venezuela with an aim of coordinating petroleum policies and se...20 Nov, 2023, 09.42 PM IST
- OPEC oil output falls in February on Saudi additional cut: SurveyThe 13-member Organization of the Petroleum Exporting Countries pumped 24.89 million barrels per day (bpd) in February, the survey found, d...01 Mar, 2021, 10.44 PM IST
- Oil prices rise as producers commit to output restraintBrent crude was up 51 cents, or 0.9 per cent, at $56.86 a barrel by 0134 GMT, while U.S. oil gained 53 cents, or 1 per cent, to $54.08 a ba...02 Feb, 2021, 07.40 AM IST
- Oil climbs for third straight week, buoyed by producers holding back outputGLOBAL-Oil climbs for third straight week, buoyed by producers holding back output21 Aug, 2020, 08.41 AM IST
- Opec February oil output sinks on Libyan unrest, cutsOn average, Opec pumped 27.84 million barrels per day (bpd) last month.02 Mar, 2020, 09.25 PM IST
- We are pumping more than a million barrels of oil a day, says LibyaLibya is now pumping "more than a million" barrels a day as the oil industry recovers from months of armed conflict, the chairman of its st...26 Dec, 2011, 03.14 AM IST
- Oil well, no need for more barrels: OpecThe Organisation of Petroleum Exporting Countries (Opec) has said the surge in global fuel prices is not due to the shortage of oil in the ...15 Nov, 2007, 01.29 AM IST
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