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 ...

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

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 ...

OPEC+ has announced a new schedule for seven member countries to implement additional oil output reductions to compensate for pumping above agreed levels.

Oil prices held near a two-week high on Tuesday as instability in the Middle East increased the risk of supply disruptions, ...

West Texas Intermediate (WTI) Oil price remains under pressure for the second consecutive day, trading around $66.50 per ...

OPEC+ issued on March 20 a new schedule for seven member nations to make further oil output cuts to compensate for pumping ...

Trump’s rapid-fire policy changes have created an atmosphere of uncertainty across financial markets. Crude oil, like other ...