The reduction comes despite OPEC+, which comprises OPEC and its allies including Russia, beginning in April to unwind its ...

With the additional OPEC+ output, Morgan Stanley raised its expected supply surplus for oil liquids in the second half of this year to 1.1 million barrels a day from 700,000 barrels a day, and for ...

OPEC on Wednesday trimmed its forecast for growth in oil supply from the United States and other producers outside the wider ...

The Organization of the Petroleum Exporting Countries (OPEC) lowered its annual production ... citing reduced capex given fading oil prices. The Organization predicted that non-OPEC+ countries ...

OPEC+ shocked oil markets in April by agreeing to a bigger-than-expected output hike for May despite weak prices and slowing demand. OPEC’s de facto leader Saudi Arabia designed the move to ...

Crude futures slid after OPEC+ agreed to raise output by 411,000 barrels a day in June, speeding up the gradual return of 2.2 million barrels a day in voluntary production cuts.

Oil prices fell to a four-year low in April below $60 per barrel after OPEC+ announced a bigger-than-expected production ...

Oil prices dropped Monday, as the Organization of the Petroleum Exporting Countries and its allies agreed to boost output ...

The US cut its forecast for domestic crude production this year even before oil’s latest plunge below $60 a barrel prompted ...

Total OPEC production dropped by 62,000 bpd in April compared to March. Among the non-OPEC producers part of OPEC+ that have vowed cuts, a 41,000 bpd decline in Kazakhstan’s crude oil production ...

OPEC+ plans to further accelerate oil output hikes and could unwind its 2.2 million barrels per day of voluntary cuts by the end of October if members do not improve compliance with their production ...

LONDON (Reuters) -OPEC oil output edged lower in April despite a scheduled output hike taking effect, a Reuters survey found, led by a cut in Venezuelan supply on renewed U.S. attempts to curb the ...