OPEC oil output rose in May by less than the volume planned, a Reuters survey found, as Iraq made further cuts to compensate ...

Dubai OPEC+ has escalated production quotas by roughly one million barrels per day from March to June, aiming to reactivate idled capacity, yet actual output across the group remains flat, according ...

The OPEC+ alliance may be boosting oil-production quotas at a significant pace in a push to restart idled capacity, but that ...

India's top oil suppliers, including Saudi Arabia, Russia, Iraq, and the UAE, have boosted production, directing most of the ...

Oil prices settled higher on Thursday, recovering from the previous day's drop, on news that the US and China agreed to more trade talks following a phone call between US President Donald Trump and ...

The price cut by Saudi Arabia, key oil producer within OPEC - the oil producing group that includes members of the Organization of the Petroleum Exporting Countries and allies such as Russia - follows ...

Russian and Saudi oil interests have not been so misaligned since the pandemic as Saudi Arabia seeks to accelerate its oil ...

Brent crude futures settled up 48 cents, or 0.7%, at $65.34 a barrel. U.S. West Texas Intermediate crude settled up 52 cents, ...

By boosting supply in a market already grappling with sluggish demand, the move is likely to keep oil prices lower for an ...

Brent crude futures were up 23 cents, or 0.35%, at $65.09 a barrel by 1148 GMT. U.S. West Texas Intermediate crude gained 16 ...

Concerns over slowing U.S. demand were exacerbated by softer-than-expected private payrolls data, which showed the labor ...