OPEC+ will likely stick to its plan to raise oil output for a second consecutive month in May, four sources told Reuters, ...

Goldman Sachs on Monday said it expects non-OPEC+ output growth to slow by about 0.3 million barrels per day (mb/d) over a 12 ...

This move aims to compensate for pumping above agreed levels, with monthly reductions ranging from 189,000bpd to 435,000bpd.

After the change in administration in the US, OPEC+ is losing its ability to control oil prices due to weak global demand and ...

Crude oil futures posted their second straight weekly gain, boosted by bullish geopolitical developments, while OPEC+ sent ...

Oil prices were also supported by a new OPEC+ plan announced Thursday for seven members to further cut output to make up for ...

Compensation cuts from OPEC+ members exceeding oil output quotas aren’t expected to outweigh the group’s planned production increase, according to BNP Paribas.

According to the Reuters report, OPEC+ plans to increase output by a further 135,000 barrels per day in May. This would be ...

Oil steadies near $69 as OPEC+ plans May output hike and U.S. tariffs tighten Venezuelan and Iranian crude supply. NG remains ...

OPEC+ has been cutting output by 5.85 million barrels per day, equal to about 5.7% of global supply, agreed in a series of ...

The last oil price war has indebted, but not reduced U.S. shale production, while costing OPEC members $450 billion in lost ...

THE possibility of a Russia-Ukraine ceasefire, the move by OPEC+ to boost output, and the threat of tariffs on key economies ...