The oil cartel plans to increase supply yet again in a lunge for market share as crude prices sag. This suits India fine.

Growing supply from the OPEC+ group, although not as high as the monthly headline figures suggest, is set to create an ...

Oil markets have largely ignored the overtly aggressive production policy of OPEC+, with geopolitical fears keeping Brent ...

Saudi Arabia's drive to rapidly increase OPEC+ oil output may put Riyadh in the pole position to regain market share today ...

Russia's crude oil shipments have dropped to their lowest level since February, as rising refinery runs outpace production, ...

OPEC shocks traders with a 548,000 bpd supply hike, setting a bearish tone for crude oil futures heading into next week. Iran’s nuclear commitment and Israel-Iran ceasefire remove risk premiums ...

Oil prices edged up to a two-week high on Tuesday on forecasts for less U.S. oil production, renewed Houthi attacks on shipping in the Red Sea, worries about U.S. tariffs on copper and technical short ...

The United States, which is not a member of OPEC, produced an average of 13.4 million barrels of crude oil a day in August 2024, according to the U.S. Energy Information Administration.

Key Points: Crude oil plunged 11.27% to $65.52 as OPEC+ production surges while global demand downgrades signal oversupply risks. OPEC+ ramps up output by 411,000 bpd, reversing cuts as Kazakhstan ...

Fueling The Conversation, Week of July 7th, 2025 Rumblings of another Middle East situation have grabbed headlines over the ...

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $67.15 during the early Asian trading hours on ...

AUD/USD consolidates latest gains below 0.6550 as RBA Governor Bullock's press conference gets underway early Tuesday. The Aussie's uptick was driven by the RBA's surprise policy decision. The RBA ...