The Iran war exposed a long-simmering feud within the world’s most powerful oil cartel, boiling over this spring when it ...

The cartel’s decision comes as U.S.-Iran talks to end the war have eased pressure on oil supplies, even as broader market and ...

UAE crude output surged to near-record highs in June after quitting OPEC, as discounted ADNOC barrels drew Chinese and U.S.

The UAE boosted oil production to an all-time high last month, shaking off concerns about Iran’s control of the Strait of ...

Iraq has considered leaving OPEC if the ⁠oil ⁠producer group does not allow Baghdad to significantly ⁠increase oil production, sources with knowledge of the matter told Reuters. The prospect of Iraq ...

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

Two decisions landed within roughly 24 hours, and both point the same way for crude.

Iraq wants to pump more oil in the future.

Despite the impressive headline number, the cartel is still pumping nowhere near where it was before the Strait of Hormuz ...

An economic crisis caused by the Iran war and a fresh surge of investment by oil majors are driving Iraq's aggressive push ...

Iraq said it might one day consider leaving OPEC unless the group accommodates it with a higher oil production quota, just a few months after the United Arab Emirates quit the group so that it could ...