Oil market participants have switched to dreading a shortage in fuel from focusing on impending oversupply in just two days ...

OPEC+’s latest increase of 411,000 barrels per day (bpd) for July, the third such hike in three consecutive months, suggests ...

The oil market can absorb OPEC's production increases through summer, but sustaining that pace risks leading to sharp price declines and a shift to contango, where future prices are higher than spot ...

After reaching a high of $81/bbl on Jan. 15, the spot price of WTI crude fell sharply in April to below $60/bbl, the lowest ...

OPEC’s crude oil production in May increased less than called for in the OPEC+ agreement. The five OPEC members that have ...

The OPEC+ alliance may be boosting oil-production quotas at a significant pace in a push to restart idled capacity, but that ...

For months, the biggest news in the market has been OPEC+’s seismic decision to stop supporting oil prices — instead ...

Crude oil futures started the week higher as the market weighs doubts about how much extra oil OPEC+ countries have placed on ...

Saudi Arabia and Russia had to reach a difficult compromise on OPEC+ policies on Saturday as Riyadh pushed to accelerate oil ...

Saudi Arabia wants OPEC+ to continue with accelerated oil supply hikes in the coming months as it puts greater importance on ...

Oil prices surged yesterday, ending the day with a 3.75% gain as OPEC+ surprised markets with a supply increase that came in ...

OPEC agreed to increase production by 411,000 barrels per day in July, the third consecutive month the group has boosted ...