Oil prices are rising, even as production ramps up. Gold, on the other hand, is cooling off - not because of collapsing fundamentals, but thanks to a surprising wave of optimism. It’s the kind of ...

(Bloomberg) -- Oil slumped as OPEC discussed making a second major production increase, inflaming concerns about swelling global supplies that have dragged down crude prices this year. West Texas ...

OPEC’s crude production fell last month despite the group’s long-awaited plans to increase, with much of the reduction stemming from looming US sanctions on Venezuela. Output from the ...

April 3 (UPI) --Eight OPEC oil-producing nations Thursday agreed to boost crude oil production beginning in May. OPEC said in a statement that Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan ...

This stability was underpinned by the interplay of weak Chinese demand, rising non-OPEC supplies, and OPEC+'s ongoing production cuts ... potentially slashing exports and tightening global ...

World oil production increased by 406 kb/d in July to 81,591 kb/d. For December 2025, production is expected to be 84,634 kb/d. July’s Big 3 oil production increased by 250 kb/d to 32,164 kb/d.

Yet again, OPEC has postponed plans to increase oil production until at least the end of the year. That drove oil futures higher on Monday — West Texas Intermediate is trading around $71.50 a ...

World oil production decreased by 299 kb/d in June to 81,105 kb/d. From July 2024 to December 2025, world oil production is estimated to increase by 2,864 kb/d. World June oil output without US ...

OPEC's report showed that actual production is increasing nonetheless, with OPEC+ pumping 40.9 million bpd in July, up 117,000 bpd from June, led by an increase from Saudi Arabia. The OPEC report ...

It has since hovered around that level (see chart). Traders had expected an attack ... are playing an even bigger role. Mexico is slashing shipments in order to produce more petrol at home.

OPEC raised its oil production in January despite voluntary production cuts that the group was supposed to be adhering to, according to new data published on Friday by Bloomberg. A new Bloomberg ...

Political factors, including potential influence on U.S. elections, play a role in OPEC's decision-making regarding production cuts. On November 30, 2023, OPEC (Organization of the Petroleum ...