As a fresh Middle East conflict risks sending oil prices sharply higher, Saudi Arabia, Russia and six other key members of ...

The cartel pledged to increase output by 206,000 barrels a day from next month, and said that members would “closely monitor and assess market conditions.” ...

OPEC+ is expected to approve another production increase of 137,000 barrels per day at its meeting next Sunday, according to a report from Reuters on Sunday. This follows months of output hikes since ...

The OPEC+ oil producers' alliance has postponed plans to unwind several formal and voluntary crude production cuts amid a lukewarm outlook for global demand, according to delegate sources and internal ...

Goldman Sachs has cut its oil-price forecasts following a decision by OPEC+ to boost production by 411,000 barrels per day starting in June, the second-straight monthly increase for the cartel.

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 ...