Eight OPEC+ countries unexpectedly agreed on Thursday to advance their plan to phase out oil output cuts by increasing output ...

“We’re going from ‘drill, baby, drill’ to ‘wait, baby, wait,’” said D. Kirk Edwards, chief executive of a small West Texas ...

President Donald Trump moved on his first day in office to increase U.S. oil and gas production, but the country's oil ...

Saudi Arabia and other members of the OPEC Plus group accelerated their program to put more oil on the market, adding to a sharp fall in prices. By Stanley Reed Reporting from London Eight members ...

The announcement from the so-called OPEC+ group of key OPEC members plus Russia, Kazakhstan and Oman would add 411,000 barrels per day of additional crude oil to global markets starting in May at ...

(Reuters) - Oil prices are set to remain under pressure in 2025 as U.S. tariffs and slowing economic growth in India and ...

President Trump’s sweeping tariffs combined with OPEC’s unexpectedly large production hike are combining to trigger a “double whammy” on the oil and gas sector, resulting in crude prices ...

According to OPEC’s secondary sources, Venezuela’s production hit 900,000 barrels per day in the first quarter of 2025, with exports to the US reaching 250,000 barrels per day in January.

Saudi Arabia, Russia, Iraq, UAE and others reviewed global market conditions and decided to raise collective output by ...

The scheduled cuts last until June 2026. Opec+, which includes Opec plus Russia and other allies, has been cutting output by 5.85 million bpd, equal to about 5.7% of global supply, agreed in a ...

The scheduled cuts last until June 2026. OPEC+, which includes OPEC plus Russia and other allies, has been cutting output by 5.85 million bpd, equal to about 5.7% of global supply, agreed in a series ...

Analysts widely expect OPEC+, which includes OPEC members plus Russia and other allies, to remain flexible with production increases. The group will likely stick to its plan to boost oil ...