OPEC+ is accelerating its oil production increases, aiming to fully unwind its 2023 supply cuts by September, risking an oversupplied market and pressuring U.S. shale producers.

Oil on Monday shrugged off the impact of OPEC+ hiking output more than expected for August as well as concern about the ...

Investing.com--U.S. stocks fell Monday amid growing uncertainty over President Donald Trump’s plans for trade tariffs, after hitting record highs last week.  The main averages were closed on Friday ...

Crude oil prices declined over 1% on Monday after OPEC+ unexpectedly announced a significant production increase of 548,000 barrels per day for August, stoking concerns of a ...

Eight members of the OPEC+ alliance of oil-exporting countries say they will boost production by 548,000 barrels per day in ...

The meeting of the eight OPEC+ countries involved in voluntary production cuts, agreeing to increase output by 548,000 ...

However, the reality may not be quite as rosy as OPEC paints, with tepid demand growth in major consumers such as China, the world's top oil importer. China's crude imports barely rose in the first ...