The move caps a dramatic month in oil markets, riven by concerns of a supply glut and uncertainty over sanctions on Russian ...

Members of the Organization of Petroleum Exporting Countries and their allies decided over the weekend to boost oil output by ...

There are currently serious fears about a glut in the oil markets – too much oil. And an abundance of oil has the effect of ...

Shares in major oil stocks gushed higher today after producers of the black stuff said they were squeezing supplies. Pausing ...

The decision by OPEC and its allies on Sunday to keep oil output targets steady in the first quarter of next year came after ...

Eight members of the oil cartel agreed on Sunday to a small increase but said they would now pause in adding more oil, reflecting market concerns about an oversupply.

Since April, OPEC+ has increased production by more than 2.5 million barrels per day, causing crude prices to toe and even fall below the $60 barrel line.

Futures for the S&P 500 were up with focus on earnings. About a quarter of companies on the index are due to report this week ...

Crude oil futures squeezed out small gains after OPEC+ agreed to unwind a further 137,000 bbl/day of production cuts in December, as expected, before pausing its increases in Q1 2026.

"We are making sure we maintain the supply demand balance", Ghais added at a panel at ADIPEC energy conference in Abu Dhabi ...

Oil rose after OPEC and its allies agreed to boost oil production by 137,000 barrels a day in December, but said they wouldn’t increase production in first three months of 2026 due to seasonality.

Discover how OPEC, the global oil cartel, influences oil prices and production in 2024. Learn about its member nations, history, challenges, and current strategies.