In addition, the committee "valued the additional voluntary production adjustments made by the eight OPEC+ countries, which were announced in April and November 2023 in supporting market stability" ...

For most of this decade, the OPEC+ alliance has been the world's most stalwart defender of high oil prices. In just a few ...

Key OPEC+ nations reiterated the need for members to stick to oil output quotas after the group’s surprise decision to speed ...

Global crude markets rattled as Brent falls to $65.58, threatening Nigeria’s 2025 budget projectionsIn a dramatic turn for ...

Expectations of retaliatory tariffs from other countries has sparked consternation of an economic slowdown, or possible ...

Dubai Oil markets witnessed a significant downturn as Brent crude, the global benchmark, tumbled over 13% in two days, settling just above $66 per barrel. This sharp decline follows the dual impact of ...

The combination of the tariffs and the Saudi-led response dropped Brent crude oil prices down to just $65.58 a barrel.

While tariffs could risk a global slowdown, a powerful group of oil producers still thinks the world needs more crude. The Organization of the Petroleum Exporting Countries and its allies, known as ...

Oil futures fell to a nearly four-year low in a second day of heavy selling after China retaliated against U.S. tariffs with duties of its own, adding to concerns about a loss of demand. WTI fell 7.4% ...

Oil majors saw their stocks nosedive Thursday and Friday as the one-two punch of US President Donald Trump’s sweeping tariffs ...

OVERVIEW: Oil prices sank to their lowest in more than three years as a rapidly escalating trade war and surprise output raise by OPEC+ sent global markets spiraling. The international oil benchmark, ...

The plunge in oil prices on Friday presented a different layer of complexity for OPEC and its allies as it plans more output ...