Iran and Libya are both members of OPEC. Iran, which is operating under U.S. sanctions, produced about 4.0 million barrels ...

Senior ministers from Opec and its allies have kept to current plans to reduce production. Crude prices have spiked due to ...

If Iran's oil installations are taken offline, oil prices could surge over $200 per barrel, SEB's Bjarne Schieldrop said.

OPEC oil output fell in September to its lowest this year, a Reuters survey found on Thursday, as unrest disrupted Libyan ...

Oil prices surged on Thursday as concerns mounted that a widening regional conflict in the Middle East could disrupt global ...

OPEC has enough spare oil capacity to compensate for a full loss of Iranian supply if Israel knocks out that country's ...

At just $70 a barrel, US oil prices remain much closer to their 2024 lows than their highs last fall of nearly $90. The ...

The kingdom called out members for overproducing, in what was seen as a veiled threat of a price war.

Oil prices rose on Thursday with all eyes on key producing countries in the Middle East and mounting concerns that a widening ...

(Reuters) -Oil prices climbed about 3% on Tuesday after Iran fired a salvo of ballistic missiles at Israel in retaliation for ...

Libya will resume oil production starting Thursday, the OPEC nation’s oil minister, Khalifa Abul Sadeq, told Bloomberg in an ...

Even as geopolitical tensions mount, a panel meeting of OPEC on Wednesday maintained status quo on the cartel’s oil output ...