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

Oil prices have slumped this year. WTI, the primary U.S. oil price benchmark, has fallen more than 10% this year to the ...

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

Kazakhstan's oil production fell 3% from March to 1.82 million barrels per day (bpd) in April, but was again above the ...

The OPEC+ members currently participating in voluntary production cuts will meet this Saturday, May 3, instead of Monday, May ...

Prices have been on the downward trend since early April, when they fell as low as $55 a barrel on the heels of Trump’s ...

Oil prices have demonstrated acute sensitivity to Trump’s trade policies. After his “Liberation Day”, global oil prices plummeted, with Brent crude tumbling from about $US75 a barrel to less than ...

OPEC+ signals mask real output trends, with Saudi actions tightening supply and confusing markets. Find out why oil sentiment ...

Democrats have missed opportunities to stabilize the oil market in the past. When oil prices crashed during the Covid ...

President Donald Trump’s campaign promise of U.S. “energy dominance” is running into a flood of OPEC crude oil — a surge of fuel production pushed by the Saudi leaders greeting him during his Mideast ...

Hurt by weakening demand and depressed prices, US oil output is expected to shrink in 2026 for the first time since the Covid-19 pandemic and just the second time in the past decade.

The largest western oil producers are mostly sticking with their growth plans for now, despite a 16% decline in crude prices ...