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

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

Crude oil prices are set for another weekly gain, driven by new U.S. sanctions on Iran's energy industry and OPEC+ efforts to ...

OPEC+ has announced a new schedule for seven member countries to implement additional oil output reductions to compensate for pumping above agreed levels.

Compensations until July 2026 will total 4.203 mln barrels per day. Plans were presented by seven out of eight OPEC+ countries that followed voluntary adjustments, specifically Iraq, Kuwait, Saudi ...

OPEC+ on Thursday issued a new schedule for seven member nations to make further oil output cuts to compensate for pumping ...

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The decision by OPEC+ to release more oil into the market may have additional motivations and consequences. It could be a strategic move to discourage non-OPEC producers from increasing their crude ...

Saudi Arabia is cutting oil prices for buyers in Asia, its largest market, as Opec+ begins to ease restrictions on production. State producer Saudi Aramco will lower the price for its Arab Light crude ...

Downside risks on demand will likely be greater than supply-side risks at this point with the additional oil coming from Opec, said Scott Shelton, energy analyst at TP ICAP. “Spare capacity can offset ...

“Opec wants to test whether the market can sustain higher supply,” he said in a note. But he added that none of the recent US economic data releases were supportive for oil demand. As well as ...