OPEC crude production rose by about 400,000 barrels per day (bpd) in August, reaching 28.55 million bpd, according to a Bloomberg survey published on Wednesday. Saudi Arabia accounted for just over ...

OPEC+ is in the process of retaking market share, Ole R. Hvalbye, Commodities Analyst at Skandinaviska Enskilda Banken AB (SEB), and Bjarne Schieldrop, Chief Commodities Analyst at SEB, said in an oil ...

[Stay on top of transportation news: Get TTNews in your inbox.] OPEC bolstered crude production last month as the group and its allies continued to revive halted supplies, according to a Bloomberg ...

Rosneft says oil prices declined due to overproduction Output hikes by OPEC led to weak oil prices, says Rosneft Rosneft's Sechin warns of production glut Sechin repeats criticism of high interest ...

In a report sent to Rigzone on Wednesday by the Standard Chartered team, Standard Chartered Bank analysts said they expect OPEC+ “to continue focusing on compliance”. The analysts highlighted in the ...

LONDON, Sept 8 (Reuters) - OPEC on Monday released a compensation schedule from six of its members covering the period from last month and until June next year to make up for producing above their ...

A flurry of bets on Brent crude falling below $60 a barrel this year changed hands in recent days, a sign investors are hedging against the risk of another large production hike from OPEC and its ...

Crude oil futures fell for a third straight session Friday, as market expectations are growing that OPEC+ will agree at Sunday's meeting to push more barrels into the market to regain market share.

Saudi Arabia is advocating for OPEC+ to implement its next oil production increase ahead of its originally scheduled late 2026 date, which could restore 1.66 million barrels per day. This proposal ...

After major oil producers earlier this year decided to lift their output quotas, prices dropped to a four-year low, then recovered those losses to post three straight months of gains. The market now, ...

An expected move by the world’s top oil-producing nations to once again increase output will set the tone for Asia’s biggest gathering of oil executives this week in Singapore, with chatter about ...

1346 GMT – Oil prices extend losses in afternoon trade, with Brent crude down 1.7% to $65.83 and WTI falling 1.9% to $62.28 a barrel. The benchmarks are on track for a weekly drop of around 2.5%, ...