Latest OPEC Meetings News

Saudis say US sought 1 month delay of OPEC+ production cuts

Oct. 13, 2022 22:40 PM EDT

DUBAI, United Arab Emirates (AP) — Saudi Arabia said Thursday that the U.S. had urged it to postpone a decision by OPEC and its allies — including Russia — to cut oil production by a month. Such a delay could have helped reduce the risk of a spike in gas prices ahead of the U.S. midterm...

OPEC+ makes big oil cut to boost prices; pump costs may rise

Oct. 05, 2022 13:59 PM EDT

FRANKFURT, Germany (AP) — The OPEC+ alliance of oil-exporting countries decided Wednesday to sharply cut production to support sagging oil prices, a move that could deal the struggling global economy another blow and raise politically sensitive pump prices for U.S. drivers just ahead of key...