The eight OPEC+ members - Saudi Arabia, Russia, the UAE, Kazakhstan, Kuwait, Iraq, Algeria and Oman - raised oil output ...

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 ...

Oil producers inside and outside the Organization of the Petroleum Exporting Countries are quietly shifting from restraint to expansion, lifting output even as demand signals look uneven. The result ...

Crude oil futures slumped to near multi-year lows after the Organisation of the Petroleum Exporting Countries (OPEC) and its allies announced a larger-than-expected production increase on Thursday, ...

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

Global oil supply and demand has seen significant fluctuations since the onset of the COVID-19 pandemic and subsequent lockdown restrictions. As economies begin to gradually reopen, demand for the ...

LONDON (Reuters) -OPEC oil output edged lower in April despite a scheduled output hike taking effect, a Reuters survey found, led by a cut in Venezuelan supply on renewed U.S. attempts to curb the ...

VIENNA—OPEC members are inching toward a compromise that could lead them to cut oil supply, as the producer group this week prepares for one of its most closely watched meetings in years. Saudi Arabia ...

Global oil markets are again showing the impact of emotions and misinterpretation. The so-called surprise production increase taken by eight (8) leading members of OPEC is, in principle, not relevant ...

LONDON, Sept 30 (Reuters) - OPEC oil output has risen for a third month in September, a Reuters survey found, as a restart of some Libyan installations and higher Iranian exports offset strong ...

Venezuela has reached out to OPEC to address what it has called “threatening and illegal activity from the United States.” President Nicolás Maduro has made it clear in his letters to OPEC and OPEC+ ...