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OPEC and non-OPEC oil producing countries did not issue an official statement on increasing production after holding the tenth joint ministerial supervisory committee meeting in Algeria on the 23rd. Saudi Arabia is the largest oil producer in OPEC. Saudi Oil Minister Khalid Falih said after the meet

The two day annual meeting of the Organization of Petroleum Exporting Countries OPEC came to an end on the afternoon of December 7, local time. After negotiations, major oil producers, including non-OPEC countries such as Russia, finally reached a new agreement to reduce

Oil prices have increased amid supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC), which tightened markets.

A number of Indian media quoted Indian officials on the 14th, saying that China and India have initiated formal consultations to set up a buy country club to counter the OPEC (OPEC) dominance of crude oil prices. The United States's Bloomberg News reported on the 14th that China and India are

Oil prices have edged up as the Organization of the Petroleum Exporting Countries (OPEC) and its partners are set to extend output cuts until at least the end of 2019 at their meeting in Vienna.