OPEC+ approved an oil production increase of 188,000 barrels daily for September. This move completes the unwinding of voluntary output cut...

Brent crude futures rose 28 cents, or 0.39%, to $72.29 a barrel, while U.S. West Texas Intermediate (WTI) crude gained 29 cents, or 0.26%, ...

Seven OPEC+ nations, including Saudi Arabia and Russia, are poised to increase oil production quotas for August, aiming to recover from dis...

Iran, which has attacked vessels to assert control over the Strait, has expanded its definition of the waterway to include the UAE's Gulf o...

Seven OPEC+ nations are meeting to set oil production quotas -- the first decision since the UAE left the cartel. The war in the Middle Eas...

America's effort to reduce reliance on China for rare earth minerals faces challenges. A new Texas plant by Lynas Rare Earths aims to proce...

At its previous meeting in June 2023, after long negotiations, OPEC+ agreed a complex deal that revised production targets for several memb...

The June changes allowed the United Arab Emirates to add 200,000 barrels per day (bpd) to a new target of 3.219 million bpd for 2024. The c...

Manufacturing activity in the country rebounded in August with new orders and output returning to growth territory