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

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

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

A portfolio manager pointed out a “unique” market development that could already be helping to tighten global crude ...

The Organization of the Petroleum Exporting Countries and its allies announced Saturday they will increase oil production by ...

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

Iraq emerged as the largest OPEC crude oil supplier to the United States in May, driven by strong export volumes and ...

Saudi Arabia raised prices for its main crude grade for buyers in Asia next month as demand for oil and fuels holds up. The move, a day after OPEC producers agreed to a fourth round of big output ...

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

Despite easing supply concerns, WTI Crude Oil extended its gains. The latest recovery, which began on Tuesday, follows a 12% ...

Minister of Oil Al-Roumi reaffirmed on Saturday Kuwait’s full support for OPEC+ efforts aimed at enhancing the stability of ...