OPEC+ appears to be prioritizing market share over high prices, potentially targeting U.S. shale by testing how producers respond to lower price environments.

The Organization of Petroleum Exporting Countries (OPEC) would likely hike output by September as the producer group meets ...

Ministers and executives from OPEC nations, along with bosses of Western oil majors, stated on Wednesday that increased ...

Over the weekend, the group announced a larger-than-expected hike of 548,000 bpd for August, the fourth consecutive monthly ...

Western and Eastern energy giants are competing for new Egyptian gas exploration blocks. As Egypt opens 12 key Mediterranean ...

OPEC+ never fails to surprise speculators and market analysts. This weekend’s meeting to decide August production levels was ...

Saudi Energy Minister Prince Abdulaziz bin Salman said that oil and gas will remain indispensable despite expansion of renewable energy. "While renewable, nuclear power, and hydrogen energy sources ...

That’s according to the Energy Information Administration, which forecasts the world’s largest oil producer to pump 13.37 million barrels per day of oil this year instead of last month’s forecast of ...

Oil prices are expected to fall in the coming autumn months due to the emerging oversupply, according to experts. Supply in ...

Dubai Senior officials from Saudi Arabia, the United Arab Emirates and Kuwait have defended the August production boost of 548,000 barrels per day, stating that global markets are absorbing the extra ...

Dubai Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, reaffirmed the UAE’s full backing for OPEC+ mechanisms, underlining the nation’s commitment to sustaining equilibrium in ...

The Global Crude Oil Landscape: 2023's Top Producers In the ever-evolving world of energy production, crude oil remains a ...