The cartel still expects demand to grow by 1.45 million barrels a day this year and 1.43 million barrels a day the next, ...

OPEC+ has decided to proceed with a planned April oil output increase, the group said on Monday, a move that follows U.S.

According to OPEC’s announcement, the global oil cartel is due to begin a “gradual and flexible” increase of voluntary ...

Qatar has reduced the price of its al-Shaheen crude for May deliveries, following Saudi Arabia's lead, due to a well-supplied oil market and increased OPEC+ production.

Kazakhstan is engaging in discussions with major oil companies to reduce its production and align with OPEC+ agreements, aiming to compensate for significant overproduction.

with market watchers now wondering whether the group will consider pausing its plans or cutting output again later this year in order to sustain prices. In February, overall OPEC crude-oil ...

West Texas Intermediate (WTI) Oil price edges higher on Friday after losing more than 1% in the previous session. However, ...

OPEC also kept its estimates ... traded around $67 a barrel. Oil prices are supported by a weaker U.S. dollar and the Energy Information Administration cutting its forecast for a global oversupply ...

The group will increase production by 138,000 bpd, its first hike since 2022, while retaining flexibility to pause or reverse ...

"This gradual increase may be paused or reversed subject to market conditions," OPEC said in a statement. "This flexibility will allow the group to continue to support oil market stability." ...

ExxonMobil plans to forge ahead on increasing oil output over the next five years despite signals that the global market is ...

The OPEC+ group of crude oil exporters justified their decision to increase production by pointing to "the healthy market ...