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OPEC: ‘Sees’ production cut if Iran returns to markets

The OPEC production cuts are not immediate, OPEC sources told Reuters, adding that the cuts are expected to coincide with Iran's return to global markets if Tehran reaches a deal with the West over its nuclear...

Saudi Energy Minister: Oil Decoupling From Fundamentals May Force OPEC To Act

In response to written questions from Bloomberg News,...

OPEC: We want to expand cooperation with Russia

OPEC wants to ensure that Russia continues to participate in the organization's oil production deals beyond 2022, new OPEC secretary-general Haitham al-Ghais told Reuters. Despite international sanctions expected to be imposed on Russian oil by the end...

New c.c. OPEC: Inflation not our fault, but chronic underinvestment in oil and gas

New OPEC Secretary-General Haitham Al Ghais said on Wednesday that the highly influential oil cartel was not to blame for soaring inflation, blaming chronic underinvestment in the oil and gas industry. "OPEC is not behind this price...