Output increases from oil producer group OPEC+ are not leading to higher inventories, showing that markets are thirsty for ...

Over the weekend, the group announced a larger-than-expected hike of 548,000 bpd for August, the fourth consecutive monthly ...

OPEC+ appears to be prioritizing market share over high prices, potentially targeting U.S. shale by testing how producers respond to lower price environments.

OPEC has denied accreditation to five leading Western media outlets for its Vienna meeting, reviving tensions over press freedom and oil market transparency.

Oil prices were steady on Wednesday as investors weighed strong U.S. gasoline demand data and attacks on shipping in the Red ...

Ministers and executives from OPEC nations, along with bosses of Western oil majors, stated on Wednesday that increased ...

OPEC+ shocked markets with surprise production increases starting August, potentially delivering relief to American drivers ...

Markets are thirsty for oil because they are absorbing Opec+ production increases without building inventories, United Arab ...

Oil held steady as traders weighed a large gain in US crude stockpiles against fresh US efforts to crimp Iranian crude ...

Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, emphasised the importance of the UAE’s role in the ...

The oil market needed the latest super-sized supply increase that OPEC+ announced at the weekend, the United Arab Emirates energy minister said, offering one of the first public justifications for the ...

Oil prices are expected to fall in the coming autumn months due to the emerging oversupply, according to experts.