Organization of Petroleum Exporting Countries (OPEC) failed to agree on oil production cap at the meeting on Friday with Iran even signaling an increased production. At the 168 OPEC conference held in ...

OPEC+ will likely lift its quotas by another 137,000 barrels per day for November when they meet on October 5, Skandinaviska Enskilda Banken AB (SEB) Chief Commodities Analyst Bjarne Schieldrop said ...

NEW YORKNEW YORK — The OPEC oil cartel and allied producing nations decided Thursday to boost production of crude by an amount that will likely do little to relieve high gasoline prices at the pump ...

A meeting of the OPEC group of major oil-exporting countries broke up late Thursday without agreement on cutting production to head off pressure on prices from abundant reserves and slowing global ...

1535 ET – Oil futures give back gains of the previous session as the market looks to the weekend meeting of OPEC+ and the group’s output plans for the fourth quarter. A Reuters report citing unnamed ...

Brent crude fell below $114 a barrel today on expectations Opec may raise its production target this week and lingering concerns that a weak economic outlook will dent demand. Top oil exporter Saudi ...

Iraqi Deputy Oil Minister Fayadh al-Nema said on Wednesday that OPEC will work to stabilise oil markets, crude prices and supplies at its next meeting. "OPEC and non-OPEC producers will work together ...

1517 ET – WTI crude futures snap a four-session losing streak, but that isn’t enough to avoid a weekly loss ahead of an expected OPEC production increase. The group of oil-producing countries meet ...