The cartel still expects demand to grow by 1.45 million barrels a day this year and 1.43 million barrels a day the next, ...

Oil prices rebounded on Friday after Russia’s deputy prime minister suggested oil cartel Opec+ could reverse a plan to ...

Members of OPEC+ are planning to gradually unwind production curbs in April, which would add supply and could lead to lower ...

A group of oil-producing countries known as OPEC+ will proceed with a long-delayed hike in oil production. Eight countries ...

Russia Deputy Prime Minister Alexander Novak said on Friday that the OPEC+ group agreed to start increasing oil production ...

The eight OPEC+ countries, including Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and ...

Oil prices bounced higher yesterday on a constructive weekly inventory report from the Energy Information Administration ...

Kazakhstan is producing oil above its OPEC+ quotas and has tasked oil majors to cut production, Energy Minister Almassadam ...

Members of the Organization of Petroleum Exporting Countries will revive oil production in April ... Low demand in China and an ongoing production boom among non-OPEC members have made it ...

This gradual increase may be paused or reversed subject to market conditions', a statement posted on OPEC's site noted.