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

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

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

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

The Saudi-led OPEC meeting was originally scheduled for Monday, but moved ahead with "less than a day's notice" to Saturday, ...

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 ...

OPEC+'s decision to aggressively increase oil supply will result in an earlier and sustained market surplus throughout 2025.

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

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

The OPEC+ oil cartel, which is de facto led by Riyadh, has increased production—causing barrel prices to hit a four-year low.

Nigeria’s premium crude oil grades are trading above $65 per barrel as global oil prices hold steady despite OPEC agreeing to ...