Instead of raising production as planned, the cartel’s April output dropped by 200,000 barrels per day (bpd) to 27.24 million ...

Oil prices may have no relief from further downside in the second half of 2025 with increased supply from the OPEC+ flooding ...

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

Under such pressures, producers with higher costs, like shale drillers in the United States, which have been increasing output in recent years while OPEC restrained production, may be forced to ...

The focus of this post is an overview of World oil production, along with a more detailed review of the top 11 Non-OPEC oil-producing countries. World oil production decreased by 231 kb/d in ...

Under the decision, OPEC and allied producers raised their required production levels by about 960,000 b/d from March to June. The bank's analysts, however, said that with compensatory output cuts ...

OPEC’s crude production fell last month despite the group’s long-awaited plans to increase, with much of the reduction stemming from looming US sanctions on Venezuela. Output from the ...

Oil prices plunged to a near four-year low on Monday, which pundits expect will continue to push petrol prices lower.

(Bloomberg) -- Oil slumped as OPEC discussed making a second major production increase, inflaming concerns about swelling global supplies that have dragged down crude prices this year. West Texas ...

Both Brent crude and WTI fell back toward the four-year lows last seen in the aftermath of the March sell-off', Ole Hansen, ...

Oil prices shed 2% Monday to end at a fresh four-year low after OPEC and its market allies this ... a move to unwind production curbs much faster than had been expected. Prices are now deeper ...