OPEC+ jolted markets by announcing it would flood the market with more oil.

OPEC oil output rose in June, a Reuters survey found, led by Saudi Arabia after an OPEC+ agreement to raise production, ...

The increase, which the group said was a response to “a steady global economic outlook,” was higher than some analysts ...

Oil crept higher as Saudi Arabia surprised customers in Asia by hiking prices for its main crude grade, signaling a vote of ...

Doomsday scenarios about peaking demand or an Asian market implosion are driving current bearish oil views. While OPEC has ...

The latest oil supply shockwave unleashed by OPEC+ is set to swell a surplus later this year, pressuring prices for producers ...

A group of eight major oil producers - Saudi Arabia, Russia, the United Arab Emirates, Kuwait, Oman, Iraq, Kazakhstan and Algeria - decided on Saturday to increase joint production by 548,000 barrels ...

OPEC has agreed in principle to further accelerate its supply increases next month, delegates said, as the group led by Saudi Arabia seeks to reclaim market share.

Saudi Arabia raised prices for its main crude grade for buyers in Asia next month as demand for oil and fuels holds up. The move, a day after OPEC producers agreed to a fourth round of big output ...

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Saudi Arabia's oil exports jumped to the highest level in more than a year in June as the kingdom shipped more crude to ...

OPEC’s June oil production rose by 270,000 bpd, but weak compliance and inconsistent enforcement raise doubts about whether pledged increases will materialize.