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

The major oil producers known as OPEC+ did exactly what U.S. President Donald Trump has been asking for — and American ...

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

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

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

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

Helima Croft, RBC Capital Markets global head of commodity strategy, joins 'Squawk Box' to discuss the state of the energy ...

If there is one thing that is almost certain in the current global crude oil market, it's that the stated reasons for the ...

The OPEC+ oil cartel, which is de facto led by Riyadh, has increased production—causing barrel prices to hit a four-year low.

Oil prices finished higher on Friday but continued to hold ground near the $60 mark, with a spike likely to come only “upon accelerated trade deals or softening of OPEC’s production growth,” said ...

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

OPEC’s de facto leader Saudi Arabia designed the move to punish Iraq and Kazakhstan for poor compliance with production quotas as Riyadh signaled it was unwilling to prop up the market any ...