OPEC+ is considering moving its meeting to Saturday to potentially approve an additional 411,000 bpd production hike for August. Actual increases have been lower than planned due to compliance issues ...

A pumpjack and a Yellowjacket Oilfield Services fracking rig sit next to Highway 191 in Midland County. (Odessa American File Photo) In clear move to take global oil market share from Permian Basin ...

Crude oil futures fell for a third straight session Friday, as market expectations are growing that OPEC+ will agree at Sunday's meeting to push more barrels into the market to regain market share.

LONDON, July 4 (Reuters) - OPEC oil output rose in June, a Reuters survey found, led by Saudi Arabia after an OPEC+ agreement to raise production, although the increase was limited as Iraq pumped ...

[Stay on top of transportation news: Get TTNews in your inbox.] OPEC bolstered crude production last month as the group and its allies continued to revive halted supplies, according to a Bloomberg ...

OPEC+ agreed on Sunday to raise oil production by 547,000 barrels per day for September, the latest in a series of accelerated output hikes to regain market share, as concerns mount over potential ...

Many groups, including the International Energy Agency, predict that the world’s peak oil production is close, and global oil demand will drop starting in the next decade as more renewables come ...

OPEC 12 output for May 2025 was revised up by 34 kb/d, and June 2025 output was revised higher by 46 kb/d compared to last month’s report. The World liquids demand forecast for 2025 is unchanged from ...

LONDON, July 15 (Reuters) - OPEC said the global economy may perform better than expected in the second half of the year despite trade conflicts and refineries' crude intake would remain elevated to ...