Russia has continued to make billions from fossil fuel exports to the West, data shows, helping to finance its full-scale ...

OPEC+ agreed to surge oil output for the third month in a row despite reservations from key member Russia, doubling down on a historic policy shift that has sent crude prices sinking.

The country needs to move quickly to eliminate hurdles in the way of reducing its growing dependence on oil and gas shipments ...

OPEC’s crude oil production in May increased less than called for in the OPEC+ agreement. The five OPEC members that have ...

Saudi Arabia and the United Arab Emirates see a chance to ratchet up production in July, the third consecutive month of ...

Oil drillers in the U.S. shale heartland are slowing down operations, a sign that OPEC's high-stakes price war is starting to ...

Analysts at Morgan Stanley in a report for clients released earlier Monday tried to match up production from certain OPEC+ members with the unwinding of 2.2 million b/d of cuts. The aggregate ...

though figures compiled by OPEC’s secretariat in Vienna show both countries broadly in line with their commitments. Saudi Arabia has warned fellow members it could push through several more ...

In the same report, OPEC maintained its projections for global oil demand growth for 2025 and 2026, unchanged from last month. This decision was influenced by the first-quarter demand data and the ...

Eight key members of the Organization of the Petroleum Exporting Countries and its partners, led by Saudi Arabia, are due to hold a video conference on Saturday to discuss output policy.

U.S. companies are facing economic headwinds that are reducing incentive to continue high production levels of oil.

OPEC trims forecast for non-member oil supply growth in 2025 ...