The eight OPEC+ nations on Saturday agreed to increase their crude oil production by 548,000 barrels per day starting in ...

The increase, which the group said was a response to “a steady global economic outlook,” was higher than some analysts ...

A portfolio manager pointed out a “unique” market development that could already be helping to tighten global crude ...

Global oil production fell by 1% in 2024 while demand continued to grow, widening the supply gap, OPEC reported.

OPEC+ raises oil production by 548K barrels/day in August amid steady economic outlook & low inventories. Read more here.

Iraq emerged as the largest OPEC crude oil supplier to the United States in May, driven by strong export volumes and ...

Eight OPEC producers agreed to lift crude output by 548,000 barrels per day in August, exceeding the anticipated 411,000 ...

OPEC has agreed in principle to further accelerate its supply increases next month, delegates said, as the group led by Saudi Arabia seeks to reclaim market share.

Oil prices ticked down on Tuesday as prospects of more supply from OPEC and allies weighed on market sentiments.

The EIA revealed on Tuesday that the United States imported over 30 million barrels of crude oil from OPEC countries in May.

Crude oil holds above the 200-day MA as traders await OPEC’s decision and summer demand signals. Inventory draws and China’s ...