The group agreed to raise output in June, a sign that Saudi Arabia and its allies appear to be weary of cutting output and ...

The OPEC+ cartel announced on Saturday that it would increase oil production again. It announced a 411,000-barrel-per-day oil ...

OPEC's latest report projects slower oil supply growth from non-OPEC+ producers due to declining upstream investments in 2025 ...

OPEC+ has agreed to accelerate the pace of oil production growth for the second month in a row. In June, production will ...

OPEC’s crude production fell last month despite the group’s long-awaited plans to increase, with much of the reduction stemming from looming US sanctions on Venezuela. Output from the ...

Crude futures slid after OPEC+ agreed to raise output by 411,000 barrels a day in June, speeding up the gradual return of 2.2 million barrels a day in voluntary production cuts.

This marks the group’s third consecutive monthly hike, escalating concerns of a potential price war in the global oil market.

Oil supply from non-OPEC+ countries, including the US, is projected to increase by about 800,000 b/d in 2025, down from last ...

Q1 2025 Management View Executive Chairman Matt Wilks reported a 32% increase in revenue to $600 million and an 83% rise in ...

Key OPEC+ nations are considering another production increase of about 400,000 barrels ... as a bid to discipline over-producing members. “OPEC’s decision framework appears to be fueled ...

The OPEC+ members currently participating in voluntary production cuts will meet this Saturday, May 3, instead of Monday, May ...

(Bloomberg) -- Oil slumped as OPEC discussed making a second major production increase, inflaming concerns about swelling global supplies that have dragged down crude prices this year. West Texas ...