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

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 ...

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 ...

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 ...

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 ...

In a move that could further pressure crude prices, Saudi Arabia signaled that further similar-sized increases in crude output could follow, which is viewed as a strategy to reduce oil prices and ...

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

Datta is a lawyer who works on energy security, industrial strategy and ... hands more power to OPEC, leaving U.S. households vulnerable the next time it cuts production and drives up prices.

(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 ...