OPEC+ has repeatedly stepped in to cut production and prop up prices when they start to fall below $70 per barrel. But as the ...

John Driscoll of JTD Energy Services says that the OPEC+ meeting delay is likely due to some "internal skirmishing and ...

OPEC’s crude production increased for a second month as Libya continued to recover from a political feud that had shuttered ...

Oil prices have been under pressure from high interest rates, a strong dollar, and high U.S. oil production. OPEC could ...

Output for August 2024 was revised higher by 4 kb/d and September 2024 output was revised higher by 25 kb/d compared to last ...

A broadening of US sanctions on tankers that haul Iranian crude has jammed a crucial cog of the trade, slowing the delivery ...

The benchmark diesel price used for most fuel surcharges rose Monday by the smallest increment used by the Department of ...

The best scandals are those that start when someone, somewhere, decides to say something utterly shocking: the truth! A senior official of the OPEC oil cartel has said publicly what many thought ...

OPEC+ has been withholding 2.2 million barrels of oil supply daily for well over a year now—and it might have to start ...

The OPEC+ alliance of oil-producing countries has postponed its next meeting on output policy to Dec. 5 from Dec. 1 to avoid ...

Crude oil futures fell as ceasefire boosts Middle East peace prospects. OPEC+ postpones meeting, faces production dilemma.

OPEC is unlikely to unwind voluntary production cuts in the short term, executives of global commodity trading giants Vitol, ...