Latest OPEC News

FILE - In this Thursday, Dec. 5, 2019, file photo, the advertising label of the Organization of the Petroleum Exporting Countries, OPEC, shines at their headquarters in Vienna, Austria. Ministers from the OPEC cartel have agreed to allow more oil to flow from the taps, saying demand for oil is growing as economies take steps to re-open. But they also cautioned that they could revisit the decision in an emergency meeting if there are serious lockdowns that further reduce demand for oil. (AP Photo/Ronald Zak, File)

OPEC and allies to ease cuts, allow more oil production

Jul. 15, 2020 5:29 PM EDT

NEW YORK (AP) — Ministers from the OPEC cartel have agreed to allow more oil to flow from the taps, saying demand for oil is growing as economies take steps to reopen. But they also cautioned that they could revisit the decision in an emergency meeting if there are serious lockdowns that further reduce...

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