Two questions stand out after the decision by OPEC+ to accelerate increases in crude oil output: who is going to buy the ...

The trading slump may be confined to Shell, the biggest European energy company, but it could also be indicative of ...

OPEC+ jolted markets by announcing it would flood the market with more oil.

The increase, which the group said was a response to “a steady global economic outlook,” was higher than some analysts ...

Oil crept higher as Saudi Arabia surprised customers in Asia by hiking prices for its main crude grade, signaling a vote of ...

Oil futures were little changed on Wednesday as investors are wary ahead of a meeting of major producers this week to ...

OPEC+ attributed the production hike to steady global economic conditions and strong market fundamentals, pointing to low ...

However, the reality may not be quite as rosy as OPEC paints, with tepid demand growth in major consumers such as China, the world's top oil importer. China's crude imports barely rose in the first ...

OPEC+ oil producers are set to approve another big output boost for September as they complete both the unwinding of ...

OPEC+ is accelerating its oil production increases, aiming to fully unwind its 2023 supply cuts by September, risking an oversupplied market and pressuring U.S. shale producers.

Goldman Sachs commodity analysts are sticking to their forecast for Brent to average $59 a barrel by the fourth quarter of this year and $56 in 2026, following a bigger-than-expected production rise ...

Global oil production fell by 1% in 2024 while demand continued to grow, widening the supply gap, OPEC reported.