The international benchmark fell to its lowest point since 2021 after a decision by Saudi Arabia and other producers to pump ...

Is the Organisation of the Petroleum Exporting Countries' (Opec) iron grip on the oil markets a thing of the past?

OPEC oil output rose in February, a Reuters survey found, as Iranian exports held strong, despite renewed U.S. attempts to ...

Oil settled largely unchanged in choppy trade on Thursday, with global benchmark Brent closing below US$70 a barrel under pressure from tariffs between the US, Canada, and China, and plans by Opec+ to ...

The decision is a serious negative for the oil market, given that oil demand is rising too slowly to sop up all of the extra ...

OPEC and its allies’ decision to raise crude oil production from April seems more like a move to please US President Donald ...

Nigeria’s oil production exceeded its OPEC quota of 1.5 million barrels per day (bpd) by 70,000 bpd in February, marking a ...

Crude oil prices rebound but remain under $70 as rising U.S. inventories and OPEC+ output hikes pressure the oil outlook. U.S. crude stockpiles surged by 3.6M barrels, raising concerns over weak oil ...

A group of oil-producing countries known as OPEC+ will proceed with a long-delayed hike in oil production. Eight countries ...

Helima Croft, RBC Capital Markets global head of commodity strategy, joins 'Power Lunch' to discuss OPEC+ output increase, ...

According to the survey, Organization of the Petroleum Exporting Countries oil output rose in February, as Iranian exports ...

Nigeria’s oil production surged in February, exceeding its OPEC quota of 1.5 million barrels per day by 70,000 bpd, and ...