Oil prices are forecasted to face a glut in 2026, forcing OPEC+ to maintain production cuts against global supply and ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

NEW YORK – A group of countries that are part of the OPEC+ alliance of oil-exporting countries has agreed to boost oil production, a move some believe could lower oil and gasoline prices, citing a ...

OPEC+ output pause fails to counter a 17% crude oil plunge, driven by a global oversupply and rising geopolitical tensions.

MOSCOW, July 2. /TASS/. Total revenues of 12 OPEC member states from oil supplies decreased by 3.86% last year to $651.99 bln, according to the annual statistical bulletin of the organization. Saudi ...

The OPEC Fund for International Development (OPEC Fund) has announced up to US$2 billion in co-financing with the African ...

China now drives short-term oil price moves as its opaque import patterns, refinery margins, and strategic stockpiling ...

Saudi Arabia, Russia and six key members of the OPEC+ alliance said Sunday they will increase production by 547,000 barrels a day in a move which analysts say aims to regain market share amid ...

The U.S. Energy Information Administration quietly rewrote a key assumption about the global oil market this week: OPEC can ...

Nigeria’s crude oil production climbed marginally to 1.436 million barrels per day (bpd) in November, up from 1.401 million bpd ...