The OPEC+ move “confirms a stark turnaround away from the production cuts that have persisted since 2022”, said a Deutsche ...

Increased supply from OPEC and the economic uncertainty of trade wars weighing on demand could be a brutal combination for ...

Oil prices are falling further as OPEC and its allies plan to ramp up production. That could be a bonus for the U.S. consumer as recession risks still lurk. Oil prices are sitting at around $60 a ...

OPEC+ is implementing another aggressive supply hike. Effective in June, this increase solidifies a shift in policy.

Oil prices have fallen so much that U.S. producers were likely to cut back and could turn to layoffs, Apollo Global Management said, pointing to Dallas Fed survey data.

The major oil companies' results were hurt by narrow refining margins, lower oil prices and rising costs. The results were the company's first since its March capital markets day, when it said it ...

Oil prices slumped on Monday after OPEC+ countries announced a production hike despite oversupply concerns and growing fears ...

A bold Saudi-led move to reorder the global oil market with an aggressive ramp-up of OPEC+ supply is forcing Wall Street ...

Goldman Sachs reduced its oil price forecast following decisions by the Organization of the Petroleum Exporting Countries and ...

MUSCAT: Oman’s oil production is projected to rise to 775,000 barrels per day (bpd) in June 2025, up from the required ...

Brent tumbled by as much as 4.6 per cent towards US$58 a barrel. Read more at straitstimes.com. Read more at straitstimes.com ...

Goldman Sachs has cut its oil-price forecasts following a decision by OPEC+ to boost production by 411,000 barrels per day starting in June, the second-straight monthly increase for the cartel. Goldma ...