Wall Street pointed toward losses in premarket trading Monday and oil prices fell to a four-year low after OPEC+ said it ...

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.

Saudi Arabia and some other members see President Trump — for now — as more invested in lower prices than in what's ...

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

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.

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 ...

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 ...

OPEC+ has agreed to accelerate oil production hikes for a second consecutive month, raising output in June by 411,000 barrels ...

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 ...