The outcome of the Thursday's meeting of the Organization of the Petroleum Exporting Countries in Vienna won't have any impact on global oil prices, Russian Deputy Prime Minister Arkady Dvorkovich was quoted as saying on Frid
Iraq overtook Saudi Arabia as the top crude exporter to India in April for the first time since December, according to data compiled by Reuters, as the two biggest OPEC producers fight for market share in Asia's fastest growi
Internal differences are killing OPEC and its ability to influence the markets has all but evaporated, top Russian oil executive Igor Sechin said in some of his harshest remarks ever about the oil cartel.
As OPEC officials gathered this week to formulate a long-term strategy, few in the room expected the discussions would end without a clash. But even the most jaded delegates got more than they had bargained with.