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Oil cartel gave no reason for the move, which comes despite warming ties between US and Saudi Arabia

Producer group likely to watch US president-elect’s plans to impose sanctions against Iran and Venezuela, say analysts

Impact of a shift away from oil will be devastating for many oil producers

Oil cartel tries to placate members while conceding it has little room to increase production

Production growth from the US and Iran puts pressure on Saudi Arabia

Oil cartel’s production in 2025 will be more than 800,000 b/d below expectations

Energy watchdog says demand growth ‘drastically’ falling this quarter

Crude prices fall after unconventional announcement of output curbs highlights strains within group