The reduction comes despite OPEC+, which comprises OPEC and its allies including Russia, beginning in April to unwind its ...

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

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 ...

Crude oil futures tumbled at the open Sunday after OPEC decided to boost output. WTI crde (CL1:COM) -3.8% and Brent (CO1:COM) ...

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

A deep dive into how a potential global economic slowdown could influence oil prices through reduced demand, OPEC+ responses, ...

Oil prices were little changed early on Friday after rising more than 3% in the previous session, as trade tension between ...

Kazakhstan has no plans to reduce its record-high crude and condensate output in May, further straining the OPEC+ alliance by ...

Analysts expect oil prices to remain subdued short term, with a slow recovery later in 2025 as U.S. output declines.

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