The founder of the World Economic Forum, Klaus Schwab, will "start the process" of stepping down as chair of its board of ...

In 1960, frustrated by Western control over the world’s oil industry, five of the world’s top oil-producing nations created the Organization of the Petroleum Exporting Countries, or OPEC.

Here’s a look at the Organization of the Petroleum Exporting Countries, headquartered in Vienna, Austria. Facts The purpose ...

LONDON, March 5 (Reuters) - Is OPEC's iron grip on the oil markets a thing of the past? Events over the last 24 hours suggest power in the oil market has shifted to Washington from Riyadh - in ...

Organisation of Petroleum Exporting Countries (OPEC) expects robust growth in global oil demand in 2024 and 2025, majorly driven by transportation fuels. In an OPEC report released on March 12 ...

Investing.com -- The Organization of Petroleum Exporting Countries (OPEC) has kept its global economic growth forecasts steady, with expectations of 3.1% growth in 2025 and 3.2% in 2026, according ...

The purpose of OPEC is to “coordinate and unify the petroleum policies of its Member Countries and ensure the stabilization of oil markets in order to secure an efficient, economic and regular ...