Concerns around tariffs and conflicts in the Middle East and Ukraine have taken a backseat to more fundamental factors ...

The eight OPEC+ nations on Saturday agreed to increase their crude oil production by 548,000 barrels per day starting in August.

Saudi Arabia, Russia and their oil-producing allies announced on Sunday that they would cut production by more than 1.2 million barrels of crude a day, or more than 1 percent of world supplies, in ...

“This latest OPEC bust-up highlights important changes in oil marketing strategy that are starting to spread across the global oil patch,” said Jim Krane, a fellow at Rice University’s Baker ...

Learn why this moment matters for your gas spending and how smart planning can turn it into longer-term savings.

Saudi Arabia is asking the companies that OPEC uses for independent analysis of oil-production levels to submit a lower ...

OPEC and its allies on Thursday decided to gradually boost oil production in anticipation of a rebound in crude demand over the summer. Fayez Nureldine/AFP via Getty Images hide caption ...

OPEC+ made no changes to plans to start gradually reviving oil production towards the end of the year, despite signs of an impending surplus. A statement from 23-nation the group after an online ...

Exactly 55 years ago this month, Nigeria joined Organization of Petroleum Exporting countries, OPEC, the global club using ...

While several OPEC+ producers are cutting oil production from May 2023 until 2024, OPEC’s top producer and the largest crude oil exporter in the world, Saudi Arabia, has extended its extra 1 ...

OPEC was the last of the three agencies to present its monthly update of its forecasts this week, Commerzbank's commodity ...

Crude oil production from all 12 OPEC members – including Iran, Libya, and Venezuela which are exempted from the OPEC+ cuts – averaged 26.60 million bpd in March, up by 3,000 bpd from February ...