OPEC oil output rose in June, a Reuters survey found, led by Saudi Arabia after an OPEC+ agreement to raise production, ...

OPEC+ will consider raising oil output by around 550,000 barrels per day in August at its meeting on Saturday, up from the ...

OPEC’s June oil production rose by 270,000 bpd, but weak compliance and inconsistent enforcement raise doubts about whether ...

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

Oil prices experienced a slight dip on Friday. This happened as traders anticipated the OPEC+ meeting. The meeting is ...

LONDON: Saudi Arabia, Russia and six other key members of the OPEC+ alliance will discuss crude production on Saturday, with ...

OPEC and its partners have pivoted from years of output restraint to reopening the taps, surprising crude traders and raising questions about the group’s long-term strategy.

Sparse oil trading on Friday due to the U.S. Independence Day holiday resulted in Brent losing 50 cents at $68.30 per barrel by1700 GMT, and West Texas Intermediate also dipping by 50 cents to $66.50 ...

Eight members of the group - Saudi Arabia, Russia, the UAE, Kuwait, Oman, Iraq, Kazakhstan and Algeria - are scheduled to meet online on Saturday to decide their oil output policy for August ...

The Organisation of the Petroleum Exporting Countries (OPEC) has projected a 23 million barrels per day oil supply shortfall by 2023 without upstream investments of up to $17.4 trillion. It said the ...

SINGORE -Oil prices fell on Thursday after gaining 3% in the previous session as investors are wary higher U.S. tariffs may be reinstated, which could cause lower fuel demand, and as major producers ...

The EIA revealed on Tuesday that the United States imported over 30 million barrels of crude oil from OPEC countries in May.