The Organization of the Petroleum Exporting Countries and its allies will further push back an oil-production increase planned for January by three months amid softer prices and market concerns of ...

OPEC+ on Thursday pushed back the start of oil output rises by three months until April and extended the full unwinding of cuts by a year until the end of 2026 due to weak demand and booming ...

OPEC+ is expected to further delay its planned output hike by at least three months, providing support to oil prices, according to Commerzbank Research analysts. The cartel and its allies ...

MODELS of oil barrels and a pump jack are displayed in this illustration photo taken on Feb. 24, 2022. — REUTERS OPEC+ is discussing postponing its oil output hike due to start in January for the ...

Top oil exporter Saudi Arabia cut prices for all crude grades it sells to Asian customers after the Organization of the Petroleum Exporting Countries and its allies further delayed a planned ...

Speaking to CNBC's Dan Murphy on Friday, Saudi Energy Minister Abdulaziz bin Salman said OPEC+ had to undertake a "reality check" and reconcile supply-demand signals with market sentiment.

The OPEC+ alliance of major oil-producing nations has postponed a weekend meeting to December 5 in what analysts said were signs of disagreement among the group over plans to increase output.

January WTI crude oil (CLF25) today is up +0.11 (+0.16%), and January RBOB gasoline (RBF25) is up +0.0023 (+0.12%). Crude oil and gasoline prices today recovered from early losses and turned ...

(Bloomberg) -- Kazakhstan is sticking to its plan to raise oil output next year, potentially creating further tension with its OPEC+ partners. “I order the Energy Ministry to intensify efforts ...

OPEC forecast on Wednesday world oil demand in 2026 will rise at a similar rate to this year, while reducing its figure for 2024 for a sixth time, following economic weakness in China, the world's ...