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

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

Nigeria has been left out of OPEC’s 548,000 bpd crude output increase due to poor production despite incentives and projections.

MIAMI -- Tropical Storm Chantal formed off the southeast U.S. coast and was forecast Saturday to bring heavy rain to parts of the Carolinas. Tropical storm warnings were issued for portions of the two ...

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

Opec does two things well: produce oil and manage the market to its advantage. The cartel has long held that cutting production and keeping the oil price high beats selling more barrels at lower ...

Iran, a founding member of OPEC in 1960, has lost influence in the oil cartel that provides 36% of the world's production as the Islamic Republic's status eroded over decades due to sanctions and its ...

OPEC kept forecasts for global oil demand, and supplies from outside the cartel, broadly steady. OPEC+ will hold another monthly video-conference on July 6 to consider making a further increase in ...

The cartel trimmed next year’s forecast for supply growth from the U.S. and other rivals while keeping its oil demand expectations unchanged as it continues to ramp up production.

The core group of OPEC+ oil cartel members is increasing production to 548,000 barrels per day in August, it said on Saturday ...

The cartel trimmed next year’s forecast for supply growth from the U.S. and other rivals while keeping its oil demand expectations unchanged as it continues to ramp up production.