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 ...

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

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

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

Low global oil stockpiles were a major motivating factor in prompting OPEC+ members to raise production by 548,000 barrels ...

OPEC+ agreed on Saturday to raise production by 548,000 barrels per day in August, further accelerating output increases at ...

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

ABU DHABI (Reuters) -The UAE's non-oil private sector grew steadily in June even as regional tensions weighed on demand, and ...

OPEC+ countries, most of whom have assured their tacit support to Tehran in the Israel-Iran war, hold some influence on the ...

Opec+ group of leading global oil producers could bring forward its output hikes by around a year from the initial plan, Igor Sechin, head of Russia’s largest oil producer Rosneft, said on Saturday.

Steps taken by the OPEC+ group to boost oil supplies have proved astute, given developments in the Middle East conflict, according to Rosneft PJSC Chief Executive Officer Igor Sechin.

In the OECD (Organization for Economic Co-operation and Development) region, oil demand is expected to rise by around 160,000 bpd in 2025, led by growth in the Americas. Meanwhile, demand in non-OECD ...