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

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

Crude oil outlook turns bearish as geopolitical risks ease, OPEC plans a supply hike, and demand signals remain weak ahead of ...

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

Saudi Arabia raised prices for its main crude grade for buyers in Asia next month as demand for oil and fuels holds up. The move, a day after OPEC producers agreed to a fourth round of big output ...

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

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

Nigeria has been left out of OPEC’s 548,000 bpd crude output increase due to poor production despite incentives and projections.

WTI crude oil (CLQ25 ) today is up +0.48 (+0.73%), and August RBOB gasoline (RBQ25 ) is down -0.63 (-0.30%). Crude oil and gasoline prices today are mixed, with crude prices climbing to a 1-week high.

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

OPEC and its allies, including Russia, are scheduled to convene on July 6. If their proposed supply increase is approved, it ...