OPEC
Every Magna Bureau story on OPEC: 10 articles, investigations and analysis in one place.
Last updated: October 2026
The Organization of the Petroleum Exporting Countries is the producers' cartel that still moves the world's oil price. Headquartered in Vienna, its quota decisions — and the wider OPEC+ format — decide what every driver on earth pays at the pump.
OPEC+ holds October steady; the 2027 quota — Magna Bureau
Seven producers keep October output flat ahead of the Oct 4 meeting — Saudi Arabia at 10.478 million barrels a day. But the real negotiation is the 2027 quota architecture, and whether spare capacity
NewsOPEC+ Holds Its Breath — and Riyadh… — Magna Bureau
Producers are expected to freeze November quotas at Sunday's meeting while Saudi Arabia pumps 3.5 million barrels a day through its desert pipeline, bypassing a shuttered Strait of Hormuz.
NewsThe Customer Is Now the Power — Magna Bureau
India and OPEC just held their seventh energy dialogue in New Delhi. The subtext: the world's fastest-growing oil customer is done being a price-taker.
NewsG7 to release 100 million barrels of oil… — Magna Bureau
After two weeks of ultimatums from Washington, the G7 agreed to a coordinated, IEA-supervised release of up to 100 million barrels over four months, front-loaded with diesel, while Trump shelved his t
NewsHormuz stays shut: Iran holds out for seven… — Magna Bureau
Iran says Hormuz stays shut until seven June conditions are met — but Monday's oil markets shrugged: Brent slipped as G7 stock releases and rising Middle East exports eased supply fears.
News'A miracle crop': Prabowo bets — Magna Bureau
The president called oil palm a 'miracle crop' as Indonesia locks in the world's first B50 biodiesel mandate, ends diesel imports, and moves to monopolize palm exports under the state. Fifty-seven pro
News33,800 litres: the Nigerian Navy's war — Magna Bureau
Under Operation Delta Sentinel, the Nigerian Navy recovered 33,800 litres of stolen petroleum products and shut two illegal refining sites in Rivers State. The theft economy is old; the pressure is ne
NewsFifteen million barrels and counting — Magna Bureau
Treasury Secretary Bessent says Tehran's last sanctioned crude deliveries will reach China within two weeks. Operation Economic Outcast has run since July 14 — and this is what the end of an oil empir
NewsHouthi missile strikes kill three at Riyadh… — Magna Bureau
Two missiles hit Riyadh's King Khalid airport on October 7, killing three and wrecking a Saudia jet, as the Houthis warned of a long war and airlines cancelled flights before oil chiefs gather.
NewsRiyadh Bets on 12.8% Growth After the… — Magna Bureau
Saudi Arabia's Finance Ministry projects a SAR 191 billion deficit in 2027 and 12.8 percent growth, after a 3.6 percent contraction this year. Between arithmetic rebound and deliberate strategy, Riyad
Organization of the Petroleum Exporting Countries — full profile: members, data and context.