Saudi Arabia is boosting oil output, pressuring U.S. shale producers and shaking markets. Here's how this move could impact ...

Still, the EIA said it expects OPEC+ to keep production below the group's current target path. It forecast supply from the ...

Asian session after the U.S. reached a truce with the Houthis in Yemen and said it would suspend its airstrikes there.

Quota violations are common in Opec. Saudi leverage comes from spare capacity, used to discipline non-compliant members ...

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

Nigeria’s premium crude oil grades are trading above $65 per barrel as global oil prices hold steady despite OPEC agreeing to ...

Between tariffs roiling the global economy and OPEC putting more barrels on the market, prices have dropped significantly ...

Crude oil futures rebounded Tuesday in a move analysts saw as a technical rebound from the prior session's losses, likely with a significant amount of profit taking out of short holdings. Prices also ...

Prices plunged after OPEC and its allies agreed to increase output again, despite weak prices and an uncertain demand outlook ...

When US President Donald Trump was inaugurated to his second term as president on Jan. 20, oil prices were close to the highs ...

OPEC+'s decision to aggressively increase oil supply will result in an earlier and sustained market surplus throughout 2025.

Oil prices staged a robust comeback on Tuesday, clawing back ground lost after OPEC’s surprise weekend announcement to boost production quotas by more than expected.