West Texas Intermediate fell 1.5% to settle near $61 a barrel after Interfax cited Kazakhstan as saying that OPEC+ is set to hike output at a ... to sustainably higher prices remains extremely ...

HOUSTON (Reuters) -Oil prices fell on Friday and headed for a second consecutive weekly loss, as investors weigh a potentially larger OPEC+ output hike for July, and uncertainty spreads around U.S ...

With the U.S. benchmark WTI crude prices at $60 per barrel, it’s mostly “hold, baby, hold” in the American shale patch, where output in the major basins except the Permian has already ...

oil prices and the stock market began to bounce back, but have yet to fully recover. The most recent downward slide was primarily caused by OPEC+’s decision to boost its oil output again in June ...

eroding its ability to act as a price-setting oligopoly. After years of coordinated production cuts, OPEC reversed course earlier this year, agreeing on moderate increases in output. Since April ...

HOUSTON, May 22 (Reuters) - Oil prices settled lower on Thursday as ... are discussing whether to make another large output increase at their meeting on June 1, Bloomberg News reported.

Prices dipped early on Monday after the OPEC+ group decided on Saturday to raise collective output by 411,000 barrels per day (bpd), nearly triple the volume originally scheduled. The U.S ...

The higher output helped offset the impact of weak oil prices. ConocoPhillips, which spent $2.5 billion in shareholder returns in the quarter, said current volatility in commodity prices may ...

Saudi Arabia, Russia and six other members of the oil cartel announced over the weekend an output increase of 411,000 barrels a day for next month, a month after a similar move had already caused ...

il prices slumped on Monday after eight OPEC+ members announced a sharp increase in production, while Asian stocks treaded water in thin trade with major markets closed. The output increase of ...

US business activity growth and expectations for future output improved from lows seen in April ... over the detrimental impact of tariffs on demand, supply chains, and prices. Export orders continued ...