OPEC's oil output increase in May was less than planned, as some members compensated for previous overproduction, according ...

The West's energy watchdog said on Friday it was ready to release oil stocks should the market experience shortages following ...

Oil demand growth will remain robust over the next two and a half decades as the world population grows, OPEC Secretary ...

OPEC’s crude oil production rose by 180,000 barrels per day (bpd) to 27 million bpd in May, with producers part of the OPEC+ ...

OPEC said it expected the global economy to remain resilient in the second half of this year and trimmed its forecast for ...

The cartel trimmed next year’s forecast for supply growth from the U.S. and other rivals while keeping its oil demand ...

Key OPEC+ nations added less oil to the market last month than the headline figure of its output plan, as the cartel’s ...

The organization left its forecasts for global oil demand growth unchanged in 2025 and 2026, after reductions in April ...

WTI Oil prices are easing on Monday, retracing part of Friday’s nearly 6% surge after slipping from the key $70 level, now ...

Brent futures were down 93 cents, or around 1.3%, to $73.30 a barrel by 1307 GMT, while U.S. WTI futures were off 99 cents or ...

Under the latest agreement by OPEC+, which includes the Organization of the Petroleum Exporting Countries and allies, Kazakhstan's quota for May rose to 1.486 million bpd from 1.473 million bpd in ...

Though OPEC may say its job is to keep prices stable, in fact the market swings up and down. When prices are up, Saudi Arabia ...