VIENNA (Sputnik) - Russia is carefully studying proposal the of the Organization of the Petroleum Exporting Countries (OPEC) to become an observer in the organization, Russian Energy Minister Alexande... ...

The US energy sector gained a major boost from the most recent OPEC decision to modestly increase its oil output, but American drillers are facing a challenge of insufficient transportation infrastruc... ...

Chinese economic authorities say the recent exchange in tariffs with the US won't significantly affect domestic inflation, despite the concerns trade restrictions could affect the volumes of China's f... ...

VIENNA (Sputnik) - Iran will retain stable oil exports at the level of 2 million barrels per day even after the imposition of US sanctions, as there is always a buyer for Iranian oil, spokesman for th... ...

VIENNA (Sputnik) - United Arab Emirates (UAE) Energy Minister Suhail Mazrouei has officially launched a mobile application by The Organization of the Petroleum Exporting Countries (OPEC) on Saturday w... ...

The new group might see large oil exporters such as Russia and Saudi Arabia play a bigger role. The news came following OPEC's announcement that it would lift its oil production rate, tentatively boos... ...