OPEC oil output edged lower in April despite a scheduled output hike taking effect, a Reuters survey found, led by a cut in ...

U.S. oil prices fell to $57 a barrel after the OPEC Plus cartel said this weekend that it would pump more oil.

On Monday, global crude prices sank after OPEC+ agreed over the weekend to surge production for a second month, adding to ...

Oil prices shed 2% Monday to end at a fresh four-year low after OPEC and its market allies this weekend confirmed plans to ...

The group agreed to raise output in June, a sign that Saudi Arabia and its allies appear to be weary of cutting output and ...

Until recently OPEC + was showing restraint. Strict quotas, cutting the group’s production by nearly 6m b/d, were introduced ...

The Organisation of the Petroleum Exporting Countries’ oil output edged lower in April despite a scheduled output hike taking ...

The Organization of Petroleum Exporting Countries (OPEC) has reported a decline in Nigeria’s oil production following its ...

Wall Street banks have sharply downgraded oil price forecasts for 2025 and 2026 after OPEC+ unexpectedly accelerated ...

OPEC+ will accelerate oil output hikes and could bring back to the market as much as 2.2 million barrels per day by November, ...

OPEC+ stunned the oil market by doubling its planned supply increase and raising prices for Asia, sparking speculation about ...

The decline in oil prices and U.S. shale production potentially peaking will shift global oil supply and price volatility. Read more on what oil and gas CEOs are saying.