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

The OPEC+ oil cartel may collapse as early as 2025. After that, Russia will lose the opportunity to make money on oil sales.

OPEC+ decided to increase crude oil output for this month and the next. This appears to be in support of the trend of ...

U.S. oil prices fell to $57 a barrel after the OPEC Plus cartel said this weekend that it would pump more oil.

The major oil producers known as OPEC+ did exactly what U.S. President Donald Trump has been asking for — and American ...

Wall Street banks have sharply downgraded oil price forecasts for 2025 and 2026 after OPEC+ unexpectedly accelerated ...

The Organisation of the Petroleum Exporting Countries’ oil output edged lower in April despite a scheduled output hike taking ...

Prices have been on the downward trend since early April, when they fell as low as $55 a barrel on the heels of Trump’s ...

Perceptions of oversupply among oil market participants from increasing OPEC+ output and uncertainty about the economic ...

OPEC+ will accelerate oil output hikes and could bring back to the market as much as 2.2 million barrels per day by November, five OPEC+ sources said as the group’s leader Saudi Arabia seeks ...

DUBAI: The Organisation of Petroleum Exporting Countries (Opec) has agreed to accelerate oil production hikes for a second ...

The oil market has entered choppy waters once again. Crude prices fell by a dramatic 18% in April y/y — the sharpest monthly ...