GRAND RAPIDS, Mich. — It’s Tuesday, and we're discussing gas prices. A significant announcement came down from OPEC over the weekend: the organization has decided to increase oil production once again ...

There are currently serious fears about a glut in the oil markets – too much oil. And an abundance of oil has the effect of pushing prices down.

The Wall Street bank said on Monday it was lifting its Brent estimate to $60 a barrel for the first half of 2026, up from $57.50. The Organization of the Petroleum Exporting Countries and its allies ...

Morgan Stanley raised its price forecast for Brent crude for 2026 to $60 per barrel from $57.50 following OPEC+’s decision to pause production hikes over the first three months of next year. This was ...

NEW YORK (AP) — A group of countries that are part of the OPEC+ alliance of oil-exporting countries has agreed to a small boost in oil production, citing a steady global economic outlook. The group ...

The Organization of the Petroleum Exporting Countries, along with Russia and a few smaller producers (OPEC+), plans to increase production by 137,000 b/d starting in November 2025. The Organization of ...

OPEC has kept its global oil demand growth forecasts unchanged for 2025 and 2026, expecting continued robust economic growth to drive demand. The cartel anticipates global oil demand to reach an ...

LONDON, Oct 22 (Reuters) - Global oil prices are signalling that the market is tipping into a protracted period of oversupply, but the huge disparity in forecasts for OPEC’s production will likely ...

LONDON (Reuters) -World oil supply is expected to closely match demand next year as the wider OPEC+ group increases production, an OPEC report showed on Monday, marking a change from last month's ...