Organization of Petroleum Exporting Countries — a cartel coordinating oil production.
13 members led by Saudi Arabia. "OPEC+" includes Russia and other allied producers. Sets output targets to influence prices. Power has eroded with US shale rise but remains significant — OPEC+ controls roughly 40% of global production.
Organization of Petroleum Exporting Countries — a cartel coordinating oil production. 13 members led by Saudi Arabia. "OPEC+" includes Russia and other allied producers. Sets output targets to influence prices. Power has eroded with US shale rise but remains significant — OPEC+ controls roughly 40% of global production.
In commodities, OPEC is one of the building blocks investors use to compare opportunities and assess risk. Understanding it helps you read research notes, earnings reports, and market commentary without getting lost in jargon.
13 members led by Saudi Arabia. "OPEC+" includes Russia and other allied producers.
OPEC maintained its 2026 global GDP growth forecast at 3.1%, signalling stable but modest world economic expansion expectations.
Jun 12, 2026
OPEC lowered its 2026 global oil demand growth forecast for the second consecutive time, signalling softening expectations for crude consumption recovery.
Jun 12, 2026
OPEC+ agreed to raise production limits by 188,000 barrels per day from July 2026, extending the compensation deadline for overproducers to December 2026.
Jun 8, 2026
OPEC's 11 current members saw output drop 1.22 million barrels per day to 16.33 million bpd in May, with Iran accounting for more than half the decline
Jun 6, 2026
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