OPEC+ launched a major initiative to define maximum sustainable production capacity (MSC) by 2027, an iniative that could enhance transparency ...

Amid shifting geopolitical landscapes and complex global economic conditions, oil continues to be one of the most closely watched and volatile commod ...

Saudi Arabia and Russia had to reach a difficult compromise on OPEC+ policies on Saturday as Riyadh pushed to accelerate oil ...

MOSCOW, May 31. /TASS/. Eight OPEC+ countries voluntarily reducing oil production have agreed to increase production by another 411,000 barrels per day in July, which is in line with the initial three ...

OPEC+ is set to meet online this Saturday at 0900 GMT to decide on July oil output levels, with discussions centered around a ...

Crude oil futures ended lower as the market awaits the outcome of Saturday's OPEC+ meeting, where the group is widely ...

If OPEC+ output rises as expected, Todorova believes WTI prices could decline to $53 to $55 a barrel, while Brent could fall to $56 to $58 - marking declines of roughly 10% from current levels. If ...

The industry is bracing for the OPEC Plus oil cartel’s meeting on Saturday, which is widely expected to further increase oil ...

OPEC+ may discuss an increase in oil output for July at its meeting on Saturday larger than the 411,000 barrels per day (bpd) ...

Ministers of the OPEC+ oil alliance, led by Saudi Arabia and Russia, discussed production on Wednesday as another hike looms ...

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Oil futures rebounded from the previous day’s selloff as the OPEC and non-OPEC ministerial meeting ended with agreement to keep quotas in place through 2026.