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

The trading slump may be confined to Shell, the biggest European energy company, but it could also be indicative of ...

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

Douglas McIntyre, Editor-in-Chief at Climate Crisis 24/7, reports on OPEC+’s decision to boost oil production by 548,000 barrels a day starting in August. He highlights how this increase, covered by ...

OPEC+ jolted markets by announcing it would flood the market with more oil.

Wall Street analysts predict oil futures will fall below $60 per barrel by the end of the year as the Organization of the ...

OPEC+ is accelerating its oil production increases, aiming to fully unwind its 2023 supply cuts by September, risking an ...

Oil rose 1% on Monday as signs of strong demand outweighed the impact of OPEC+ hiking output more than expected for August, ...

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

However, the reality may not be quite as rosy as OPEC paints, with tepid demand growth in major consumers such as China, the world's top oil importer. China's crude imports barely rose in the first ...

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

Eight members of the OPEC+ alliance of oil exporting countries say they will boost production by 548,000 barrels per day in ...