More oil output reductions aren’t likely this month because OPEC members haven’t yet fully enforced previous quotas and the organization needs more data before it reaches a decision, the cartel’s ...

BRUSSELS, Belgium -- OPEC President Chakib Khelil said today that oil producers saw no need to raise supply and blamed record oil prices on factors outside the cartel's control, such as U.S. pressure ...

OPEC nations could further reduce oil output if moves last month to slash production do not bolster plummeting oil prices, OPEC president Chakib Khelil said Saturday. Khelil, who is also Algeria's ...

OPEC is likely to keep oil output unchanged and tighten discipline with existing quota limits when it meets Tuesday in Algiers, according to Algerian Energy Minister Chakib Khelil. “Maybe the decision ...

OPEC is on course to strike a deal with other oil producers to freeze oil output because its biggest members are already pumping flat-out, the group's former president said. While a similar initiative ...

The Organization of Petroleum Exporting Countries will cut crude production by 1 million b/d starting on Apr. 1 to buttress crude prices as global demand declines in the coming months, the ...

ALGIERS (Reuters) - OPEC oil producers may cut oil supplies in two rounds, one when they meet next week in Vienna and a second later on, to drain oil supply surplus off markets and firm up prices, the ...