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 ...

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 ...

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 ...

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 ...

The two stakeholders that bear the brunt of weak domestic output in pulses are consumers and farmers. In a sense, they compete against each other. Farmers seek higher prices for their produce ...

Crude oil prices stabilized today, following Monday’s dip, and even made some gains earlier in the day, as traders rushed to cover their short positions on the commodity, and production figures ...

(Reuters) - JP Morgan on Monday lowered its oil price forecasts for 2025 and next year, citing higher production from OPEC+ and weaker demand. The bank cut its 2025 Brent price forecast to $66 per ...

Chocolate industry defends higher prices This year, chocolate Easter bunnies cost between 50 cents and €1.50 ($1.70) more to manufacture than chocolate bars with the same amount of cocoa.

By Scott DiSavino (Reuters) -U.S. natural gas futures climbed about 3% to a one-week high on Friday on record flows to liquefied natural gas export plants and a decline in daily output. On its ...

Sanjay Shrishrimal, executive committee member, The Soybean Processors Association of India (Sopa), said that soybean oil prices are unlikely to soften, as the crop output has been muted and also ...

Supermarkets should not be treating customers like “mugs”, the treasurer says, as a competition watchdog report found Coles and Woolworths had been running an oligopoly in the sector.

Oil prices have declined by more than 3% since Wednesday, nearing a three-year low amid concerns that Opec+ plans to increase output in April and US President Donald Trump’s trade war could ...