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 ...

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 ...

Despite concerns over excess supply, oil prices overturned declines from earlier in Monday’s session, as downside risks appeared contained.

The Organization of the Petroleum Exporting Countries and its allies agreed to boost output again next month by larger than ...

THE Organization of the Petroleum Exporting Countries (Opec) and its allies, collectively known as Opec+, announced the decision on Saturday to increase oil out ...

Since global oil inventories are still low, there is little risk that OPEC's decision to increase production will lead to a ...

European stock markets and the dollar strengthened Monday as countries fought to hammer out trade deals days before US ...

Two questions stand out after the decision by OPEC+ to accelerate increases in crude oil output: who is going to buy the ...