The shift in OPEC+ policy suggests that oil prices will come under pressure towards the end of the year. Click to read.

OPEC+’s latest increase of 411,000 barrels per day (bpd) for July, the third such hike in three consecutive months, suggests ...

The oil market can absorb OPEC's production increases through summer, but sustaining that pace risks leading to sharp price declines and a shift to contango, where future prices are higher than spot ...

After reaching a high of $81/bbl on Jan. 15, the spot price of WTI crude fell sharply in April to below $60/bbl, the lowest ...

For months, the biggest news in the market has been OPEC+’s seismic decision to stop supporting oil prices — instead ...

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

The OPEC+ alliance may be boosting oil-production quotas at a significant pace in a push to restart idled capacity, but that ...

Crude oil futures started the week higher as the market weighs doubts about how much extra oil OPEC+ countries have placed on ...

The U.S. sent 1.4 million bpd of light, sweet crude to Europe in May, versus 1.6 million bpd in April, data from Kpler showed ...

Saudi Arabia and Russia had to reach a difficult compromise on OPEC+ policies on Saturday as Riyadh pushed to accelerate oil ...

The world’s largest group of oil producers, OPEC+, stuck to its guns on Saturday with another big increase of 411,000 barrels ...

Saudi Arabia wants OPEC+ to continue with accelerated oil supply hikes in the coming months as it puts greater importance on ...