OPEC Plus will extend its cuts until at least December. Demand has weakened, and other countries, including the United States ...

The Organization of the Petroleum Exporting Countries and its allies — the coalition of the world’s top oil producers known ...

With oil prices at their lowest level of the year, OPEC+ is again struggling with when to begin increasing crude production, announcing Thursday it was delaying plans to begin unwinding previous ...

OPEC+ members, after previously adding voluntary oil production cuts in April and November 2023, are extending the cuts once ...

Iraq has insisted it will engage in compensatory cuts to make up for its overproduction. Despite the significant production ...

Oil’s supply-demand seesaw just took a lurch down. Brent crude prices have dropped from $81 a barrel to $73 since last week, driven by weak economic data and an apparent resolution to a Libyan supply ...

Recent weakness in crude oil is driven by geopolitical tensions, impacting OPEC decisions and U.S. Click here to read what ...

Rumors of a possible increase in OPEC production sent oil prices tumbling due to concerns about oversupply despite ongoing ...

A group of major oil-producing nations says it will respond to falling prices by delaying an output expansion planned from ...

The OPEC+ oil alliance has blinked, delaying a planned easing of production cuts as global oil prices continue to slump.

Oil prices fell in August, raising uncertainty over whether major oil producers will gradually pare back voluntary crude production cuts as planned starting on Oct. 1. Disruptions to production ...