Behind OPEC+'s plan to ramp up oil output and punish over-producing allies, group leaders Saudi Arabia and Russia are pushing ...

Saudi Arabia is expected to burn more crude oil for power generation this summer than last as it ramps up output after OPEC+ ...

Crude oil outlook turns bearish as OPEC+ eyes a July output hike and U.S. inventories climb, raising fresh concerns about ...

OPEC+ output hikes, however, also come as the best quality shale areas in the biggest U.S. oilfield, the Permian, have been ...

The decline in oil prices due to the increase in production by OPEC+ countries is aimed not only at punishing allies who ...

Saudi Arabia’s direct crude burn for power generation is expected to increase this summer, potentially helping to offset concerns over a growing global oil glut.

OPEC+ is seeking to regain market share lost to shale producers over the past years, with the US now accounting for 22% of ...

The world's largest oil exporter's crude output for March was at 8.957mln bpd, up from 8.947mln bpd in February ...

The nearly 40 million Americans expected to hit the roads this Memorial Day weekend will have something to make them smile ...

The oil curve is flattening, with forward prices below $61 for 2026 and scarcely higher for 2027. What BofA has called a slow-grind oil-price war is the direct result of U.S. growth production hitting ...