The trading slump may be confined to Shell, the biggest European energy company, but it could also be indicative of ...

Two questions stand out after the decision by OPEC+ to accelerate increases in crude oil output: who is going to buy the ...

Crude oil outlook turns bearish as geopolitical risks ease, OPEC plans a supply hike, and demand signals remain weak ahead of ...

OPEC+ jolted markets by announcing it would flood the market with more oil.

OPEC+ boosts summer oil production by 548,000 bpd in August, surprising markets, pushing prices lower, and stirring global ...

The latest oil supply shockwave unleashed by OPEC+ is set to swell a surplus later this year, pressuring prices for producers ...

The eight OPEC+ nations on Saturday agreed to increase their crude oil production by 548,000 barrels per day starting in ...

The increase, which the group said was a response to “a steady global economic outlook,” was higher than some analysts ...

LONDON: Oil pared losses on Monday as a tight physical oil market offset the impact of OPEC+ hiking oil output more than ...

Crude oil futures were lower and OCBC said prices were expected to face further downward pressure in 2H following OPEC+’s announcement to quicken supply hikes.

Global oil production fell by 1% in 2024 while demand continued to grow, widening the supply gap, OPEC reported.

The US Energy Information Administration (EIA) forecasts that OPEC crude oil export revenues will continue to decline in 2025 ...