Major fossil fuel companies have seen their profits fall as crude prices have dropped over demand concerns after soaring in ...

The Organisation of the Petroleum Exporting Countries’ crude production dipped for a second consecutive month in January as a drop in exports from Nigeria and Iran affected crude outputs.According to ...

OPEC decided ... to stick with its plan - to lift production by 120,000 barrels per day every month for 18 months starting ...

ABUJA – Organisation of the Petroleum Exporting Countries (OPEC) has officially replaced Rystad Energy and the U.S. Energy Information Administration (EIA) with Kpler, OilX, and ESAI as secondary ...

OPEC has dropped the U.S. Energy Information Administration from its list of secondary sources used to monitor crude oil ...

Crude oil’s near-term direction hinges on upcoming U.S. inflation data and its implications for Federal Reserve policy. A higher-than-expected inflation reading could dampen hopes for rate cuts ...

Last year was a relatively calm period for the oil market. Most investors likely only want to hold one oil company in their ...

Stay updated with a weekly recap covering market movements, economic insights, top news, and geopolitical events shaping the ...

“One way to stop it quickly is for OPEC to stop making so much money ... The alliance last month put off increasing oil production as it faces weaker than expected demand and competing ...

“I'm also going to ask Saudi Arabia and OPEC to bring down the cost of oil." The remarks were the first of Trump's four-day-old presidency to global business and political leaders at a time when ...

But whether Trump’s remarks will lead to action — especially when it comes to oil production from Saudi Arabia and the Organization of the Petroleum Exporting Countries — remains to be seen.

U.S. President Trump began his first days in office issuing executive orders to boost domestic oil-and-gas production and threatening ... will ask Saudi Arabia and OPEC to reduce the price of ...