The trading slump may be confined to Shell, the biggest European energy company, but it could also be indicative of ...

Oil prices rose despite OPEC+ increasing output, exposing tighter-than-expected global crude and diesel markets.

OPEC and its allies, including Russia, agreed on Sunday to widen crude oil production cuts to 3.66 million barrels per day (bpd) or 3.7% of global demand.

Last month, OPEC’s secretary-general reiterated the cartel’s 2024 demand growth forecast, which put growth at 2.2 million bpd, bringing the total to 104.5 million bpd.

OPEC and its allies’ surprise move to slash oil production will soon be felt at US gas pumps. The group known as OPEC+ announced Sunday it would cut oil production by more than 1.6 million ...

Oil rose 1% on Monday as signs of strong demand outweighed the impact of OPEC+ hiking output more than expected for August, ...

CNBC. Energy prices sink over tariffs and OPEC announcement. Posted: April 4, 2025 | Last updated: April 4, 2025. CNBC's Pippa Stevens joins 'Squawk on the Street' to discuss what's driving energy ...

In response to the OPEC Plus announcement, Biden administration officials said the president would order the Energy Department to release 10 million additional barrels of oil from the Strategic ...

OPEC meeting. Find out about the Organisation of the Petroleum Exporting Countries (OPEC) meeting and announcement – including why it’s important for traders and its effect on global oil prices.

This paper studies the historical importance of OPEC for oil price fluctuations. An event-study approach is used to identify the effects of OPEC announcements on oil price fluctuations. Results show ...