OPEC

BERLIN, May 27 (Reuters) - Ministers from the Group of Seven countries on Friday called on OPEC to act responsibly to ease a global energy crunch brought on by the Russian invasion of Ukraine, even as they announced a breakthrough commitment to phase out coal-fuelled power. The call, made at...

LONDON/DUBAI, May 26 (Reuters) - OPEC+ is set to stick to an oil production deal agreed last year at its meeting on June 2 and raise July output targets by 432,000 barrels per day, six OPEC+ sources told Reuters, rebuffing Western calls for a faster increase to lower surging prices.

Speaking to CNBC's Hadley Gamble at the World Economic Forum in Davos on Monday, Naftogaz CEO Yuriy Vitrenko urged OPEC to recognize the Kremlin's onslaught in Ukraine as a challenge to their wealth. When asked whether OPEC was in danger of being out of sync with the international community over...