Latest OPEC News
Austrian minister aims to tighten espionage law to ban spying against international organizations
BERLIN (AP) — Austria's justice minister said Thursday that she plans to tighten the country's rules on espionage, which currently is explicitly banned if directed against Austria itself but not if it targets other countries or international organizations. Justice Minister Alma...
Saudi oil giant Aramco announces $121 billion profit last year, down from 2022 record
DUBAI, United Arab Emirates (AP) — Saudi oil giant Aramco on Sunday reported it made $121 billion in profit last year, down from its 2022 record due to lower energy prices. The results still marked the company's second highest ever result, Aramco said, as members of the OPEC+...
OPEC+ production cuts deepen with extensions from Saudi Arabia, Russia and other oil giants
NEW YORK (AP) — Some members of oil cartel OPEC, led by Saudi Arabia, and allied producers like Russia are again deepening their voluntary crude supply cuts. Announcements from several OPEC+ countries extend reductions of some 2.2 million barrels a day, the secretariat for the...
Families bid farewell to miners killed in Venezuela's worst mining accident in years
LA PARAGUA, Venezuela (AP) — Families and friends began burying loved ones on Thursday who were among at least 16 people killed in the collapse of an illegally operated gold mine in a remote area of central Venezuela. The tributes come as anger mounts at the government's slow...
Potential $50 billion Southwestern energy giant emerges as Diamondback seeks to buy rival Endeavor
Diamondback Energy will attempt to buy rival Endeavor Energy Resources to create an energy giant in the Southwestern United States worth more than $50 billion. Growing confidence in an economic recovery, particularly in the U.S., has driven massive deals in the energy sector in...
