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 ...

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

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 ...

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

Oil prices were broadly flat, with Brent crude and WTI around $69.26 a barrel and $66.26 a barrel, respectively, despite the ...

Sentiment remains negative in the oil market, with ICE Brent falling close to 2.5% yesterday. It settled below US$70/bbl ...

Shares of Oil marketing companies (OMCs) extended their gains for the fourth consecutive session on Thursday (March 6, 2025) after crude oil prices plunged to six-month lows in the international ...