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

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

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

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 ...

Oil prices fall as OPEC+ boosts production and trade tensions rise. Crude demand concerns and bearish technicals keep traders ...

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 ...

OPEC and allies, known as OPEC+, agreed in December to defer the start of output rises by three months until April and extend the full unwinding of cuts until the end of 2026 due to weak demand and ...

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

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 futures drop as OPEC+ plans gradual production increase, impacting global oil market and commodity trading trends.

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

Oil was largely steady in choppy trade on Thursday with global benchmark Brent still below $70 a barrel under pressure from ...