This move aims to compensate for pumping above agreed levels, with monthly reductions ranging from 189,000bpd to 435,000bpd.

Trump knows that Saudi Arabia is critical to lowering oil prices and pressuring Russia to come to the bargaining table.

Oil markets are currently reacting to potential Russia-Ukraine ceasefire, increased OPEC+ output, and US threats of tariffs ...

Crude oil futures posted their second straight weekly gain, boosted by bullish geopolitical developments, while OPEC+ sent ...

LONDON - OPEC+ on Thursday issued a new schedule for seven member nations to make further oil output cuts to compensate for ...

Oil prices were steady on Friday and headed for a second consecutive weekly gain as fresh U.S. sanctions on Iran and the ...

Kazakhstan's oil output has reached a record high this month on the back of oilfield expansion, further exceeding OPEC+ production quotas, two industry sources said and Reuters calculations showed on ...

West Texas Intermediate (WTI) Oil price holds ground for the third successive session, trading around $68.40 per barrel ...

As Russia and Ukraine prepare to discuss a possible cease-fire on power infrastructure, each side appears to be trying to portray the other as untrustworthy.

Dubai OPEC+ has announced a revised schedule for seven member nations to implement additional oil output cuts, aiming to compensate for previous overproduction. These measures are set to overshadow ...