OPEC oil output edged lower in April despite a scheduled output hike taking effect, a Reuters survey found, led by a cut in ...

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

On Monday, global crude prices sank after OPEC+ agreed over the weekend to surge production for a second month, adding to ...

Until recently OPEC + was showing restraint. Strict quotas, cutting the group’s production by nearly 6m b/d, were introduced ...

OPEC+ shocked the market earlier this month with plans to ramp up crude output, leading oil prices to post their worst monthly performance in years. Now the group of oil producers might add even ...

The group agreed to raise output in June, a sign that Saudi Arabia and its allies appear to be weary of cutting output and ...

Q1 2025 Management View Executive Chairman Matt Wilks reported a 32% increase in revenue to $600 million and an 83% rise in ...

Crude oil futures tumbled at the open Sunday after OPEC decided to boost output. WTI crde (CL1:COM) -3.8% and Brent (CO1:COM) ...

If there is one thing that is almost certain in the current global crude oil market, it's that the stated reasons for the ...

The OPEC+ oil cartel, which is de facto led by Riyadh, has increased production—causing barrel prices to hit a four-year low.

Oil prices shed 2% Monday to end at a fresh four-year low after OPEC and its market allies this weekend confirmed plans to ...