Oil prices rose nearly 2% on Monday as signs of strong demand more than offset the impact of a higher-than-expected OPEC+ ...

OPEC+ jolted markets by announcing it would flood the market with more oil.

Two questions stand out after the decision by OPEC+ to accelerate increases in crude oil output: who is going to buy the ...

The trading slump may be confined to Shell, the biggest European energy company, but it could also be indicative of ...

The increase, which the group said was a response to “a steady global economic outlook,” was higher than some analysts ...

Wall Street analysts predict oil futures will fall below $60 per barrel by the end of the year as the Organization of the ...

Doomsday scenarios about peaking demand or an Asian market implosion are driving current bearish oil views. While OPEC has ...

Goldman Sachs commodity analysts are sticking to their forecast for Brent to average $59 a barrel by the fourth quarter of this year and $56 in 2026, following a bigger-than-expected production rise ...

However, the reality may not be quite as rosy as OPEC paints, with tepid demand growth in major consumers such as China, the world's top oil importer. China's crude imports barely rose in the first ...

OPEC+ attributed the production hike to steady global economic conditions and strong market fundamentals, pointing to low ...

OPEC+ oil producers are set to approve another big output boost for September as they complete both the unwinding of ...

Global oil production fell by 1% in 2024 while demand continued to grow, widening the supply gap, OPEC reported.