The group agreed to raise output in June, a sign that Saudi Arabia and its allies appear to be weary of cutting output and may be trying to appease President Trump, who has pushed for lower prices.

The founder quit after the board moved to investigate whistleblower allegations, which he denies, including use of luxury ...

OPEC on Monday cut its oil ... higher uncertainty to the short-term global economic growth outlook." Trump has slapped 145% tariffs on China, the world's second-biggest economy and largest crude ...

open image in gallery The President spoke virtually to the World Economic Forum in Davos ... the president said he would ask Saudi Arabia and Opec to lower oil prices and suggested that lower ...

In the report, OPEC lowered its world economic growth forecast this year to 3.0% from 3.1% and reduced next year's to 3.1% from 3.2%. Last month, OPEC said trade concerns would contribute to ...

It also reduced its global economic growth forecasts for this year and next. In its monthly report, OPEC said world oil demand will rise by 1.30 million barrels per day (bpd) in 2025, down 150,000 ...

April 21 (UPI) --The chairman of the World Economic Forum will step down "with immediate effect," the Swiss-based non-governmental organization announced Monday. On Sunday, during a special ...

OPEC on Monday cut its oil demand growth forecast for 2025 and 2026 as President Donald Trump's tariffs weigh on global economic growth. Stream Connecticut News for free, 24/7, wherever you are.