LONDON (Reuters) - Iran has told OPEC that it opposes delaying the oil producer group's next meeting, setting the scene for another fight with fellow members as U.S. sanctions put Tehran under ...

OPEC initially began with five countries, which are Iran, Iraq, Venezuela, Saudi Arabia, and Kuwait, to end the dominance of the so-called ‘seven sisters’ Western oil companies and maintain stable oil ...

OPEC is pursuing a long-term strategy to increase its market share and is unwinding production cuts, with oil prices remaining strong due to factors beyond OPEC's direct control. The rise in oil ...

OPEC+ left early-2025 production targets unchanged but approved a major new mechanism to reassess each member’s maximum ...

VIENNA - Iran's oil minister Monday acknowledged strains within OPEC after its last meeting exposed deep rifts between his country and rival Saudi Arabia but said the organization can solve them ...

Rising tensions among the U.S., Iran, and Israel have fueled speculation about possible U.S. military intervention, with Wall Street reporting a 65% chance of action against Iran by July, leading to ...

LONDON - Oil is likely to rise by $3 to $5 per barrel when trading resumes on Sunday evening after the U.S. attacked Iran at the weekend, market analysts said, with gains expected to accelerate only ...

LONDON, Sept 14 (Reuters) - Iran supports the Organization of the Petroleum Exporting Countries (OPEC) as long as the group protects Iranian interests alongside other members, Iran's OPEC governor ...

President Donald Trump said on Tuesday that China can continue to purchase oil from Iran after the U.S. bombed the OPEC member's nuclear facilities and hoped that China would also buy "plenty" of it ...

Iran's oil minister on Wednesday criticized the effects of war-led disruptions to oil markets, weeks after Tehran's 12-day hostilities with Israel sent crude price soaring. In remarks via ...