Oil prices dropped significantly during Asian trading hours on Monday after OPEC+ revealed plans to raise production by more ...

The surprising decision of the Organization of the Petroleum Exporting Countries and allies to increase oil production by a hefty amount for May leaves the market better supplied over April-June.

ICE Brent is trading lower after OPEC+ agreed on a larger-than-expected supply hike of 548k b/d for August, more than the ...

OPEC+ agreed to another large supply hike over the weekend, increasing it by 411k b/d effective July. The increase is similar to those in May and June. By the end of July, the group will have ...

This may have had an impact, as OPEC ministers announced an increase in supply to 648,000 barrels a day, a 50% increase from the expected 432,000 barrels a day. Download Q.ai today for access to ...

Dubai: Oil prices may continue to face downward pressure in the near term after OPEC+ confirmed another production increase for June. The decision, announced over the weekend, will see the group ...