Futures Movers OPEC+ plan to lift output pulls Brent oil to lowest finish since September Natural-gas futures gains 5.5% as tariff war feeds uncertainty ...

Saudi Energy Minister Prince Abdulaziz bin Salman told delegates at the St Petersburg Economic Forum on 19 June that OPEC+ has evolved into a “key guarantor” of global oil prices and market stability.

Opec now expects US output of tight oil, another term for shale, to hold steady next year at 9.05mn barrels per day. Last month, it expected small growth year on year and in January had forecast ...

Opec+ group of leading global oil producers could bring forward its output hikes by around a year from the initial plan, Igor Sechin, head of Russia’s largest oil producer Rosneft, said on Saturday.

Lucid has built an EV plant in King Abdullah Economic City on the shores of the Red Sea that aims to churn out 150,000 cars a year, though sales so far have not come close to such ambitious ...

The OPEC Fund For International Development has pledged to provide more than $1bn in funding to Africa and developing countries elsewhere as part of a broader $2bn pledge by Arab nations over the next ...

The Organization of the Petroleum Exporting Countries (OPEC) expressed confidence on Monday in the global economy's strength for the second half of 2025, despite ongoing trade conflicts. In a recent ...

The greatest risk the oil markets face is that Iran retaliates against Israel airstrikes by closing the Strait of Hormuz, which is critical to global energy shipments. OPEC Sees Lower Supply ...

The UAE says its maximum oil production capacity is 4.85 million bpd, and told OPEC that its production of crude alone in April stood at just over 2.9 million bpd, a figure largely endorsed by ...

Last month, following a collapse in the price of Brent crude to a four-year low, Saudi Arabia and its OPEC-plus partners announced their second consecutive monthly supply hike.

The West's energy watchdog said on Friday it was ready to release oil stocks should the market experience shortages following Israel's attack on Iran, drawing criticism from rival OPEC which said ...

Potential disruption of Iranian oil exports and Strait of Hormuz shipping could impact global supply. OPEC's spare capacity and strategic reserves could mitigate supply shortfalls.