The Saudis invited the Russians to the table and rolled out the red carpet. But the Russians haven’t always done what the Saudis want.

Cutting production usually leads to an increase in prices. Here’s why that might not be the case this time.

The cartel releases its monthly oil market report on Thursday.

It’s not the most wrappable holiday gift, but it’s a popular one. Here’s why we’re seeing a dip in oil prices.

Analysts say the cartel might cut production if oil prices keep falling, but it could also expand output if supply tightens amid cold temperatures and restrictions on Russian oil.

Production will be cut by 2 million barrels per day, starting in November.

The small increase of 100,00 barrels a day may be a sign that the cartel thinks a recession is coming.

Russia is the world’s third-largest oil producer — such a decision won’t be made lightly.

Spare capacity has been overstated, says oil analyst Abhi Rajendran. Then there’s the matter of isolating Russia.