OPEC+ confirmed the plans during an online meeting on Thursday, announcing that the gradual easing of output cuts would begin in April 2025. The group had planned to ease current reductions in ...

The OPEC+ decision to again delay adding more barrels can't be untethered from President-elect Trump's looming move back into the White House. Catch up quick: OPEC+ producers on Thursday postponed ...

If the $2.7 trillion global crude oil market were a sovereign country, it would be the world's eighth-largest economy, right after France. "Black gold" is the most-traded commodity in the world.

MODELS of oil barrels and a pump jack are displayed in this illustration photo taken on Feb. 24, 2022. — REUTERS OPEC+ is discussing postponing its oil output hike due to start in January for the ...

TASS/. Eight OPEC+ countries will continue voluntary oil output cuts of 2.2 mln barrels per day (bpd) in Q1 2025 to balance the oil market. Only eight OPEC+ countries have complied with the 2.2 ...

Several key OPEC+ members have started discussions to delay the oil production restart planned for January, potentially for several months, Bloomberg News reported Tuesday, citing unnamed ...