OPEC needs to “shock and awe” the oil market for prices to gain, according to Goldman Sachs Group Inc. The Organization of Petroleum

A proposal that Libya and Nigeria could have to accept limits on their crude production probably would not be enough to put OPEC’s

Russia has been reported to have opposed any proposal to deepen OPEC-led production cuts, which has led to crude oil prices falling

OPEC’s crude production rose to the highest this year in June as member nations exempt from output curbs pumped more. Members of the

Libya’s oil production has climbed to more than 1 million barrels a day for the first time in four years, further complicating OPEC’s

There are strong indications that the Organisation of Petroleum Exporting Countries (OPEC) may revisit the issue of including Nigeria

Cost-cutting advances in shale are weakening the cartel’s grasp of energy market dynamics. If you apply the insights of the

Oil headed for its longest winning streak in two months after declines in U.S. crude production and gasoline inventories allayed some

The chorus in the oil market calling for deeper production cuts gets louder almost every day. By resisting the clamor, OPEC is

The Russian government is sticking to its conservative assumptions for oil prices as it drafts the budget for the next three years,