Major oil producing group OPEC Plus says it will accelerate production hikes in June, despite falling crude oil prices.

If there is one thing that is almost certain in the current global crude oil market, it's that the stated reasons for the ...

DUBAI: The Organisation of Petroleum Exporting Countries (Opec) has agreed to accelerate oil production hikes for a second ...

U.S. oil prices fell to $57 a barrel after the OPEC Plus cartel said this weekend that it would pump more oil.

Wall Street banks have sharply downgraded oil price forecasts for 2025 and 2026 after OPEC+ unexpectedly accelerated ...

The group agreed to raise output in June, a sign that Saudi Arabia and its allies appear to be weary of cutting output and ...

On Monday, global crude prices sank after OPEC+ agreed over the weekend to surge production for a second month, adding to ...

Oil futures rebounded, and Capital Economics cut its year-end price forecast for Brent to $60 a barrel from $70, and for the end of 2026 to $50 from $60.

Quota violations are common in Opec. Saudi leverage comes from spare capacity, used to discipline non-compliant members ...

Iraq exported crude oil and petroleum products worth $29.58 billion to India, maintaining a significant market share despite ...

Oil prices have hit a multi-year low after OPEC decided to increase production, even as analysts worry that tariffs will disrupt the global economy enough to bring down demand for crude.