OPEC+ is set to proceed with a planned oil output hike from October, as Libyan outages and pledged cuts by some members to compensate for o...

Brent futures was 28 cents, or 0.3% higher, at $83.83 a barrel at 0134 GMT, while the U.S. West Texas Intermediate (WTI) rose 20 cents, or ...

GLOBAL-Oil prices fall on China concerns, scepticism on OPEC+ cuts

OPEC+ agreed last Thursday to voluntary supply cuts totalling about 2.2 million barrels per day (bpd), including an extension of existing S...

Oil prices dipped due to economic worries, despite a debt ceiling deal being reached in the US that averted an economic default and helped ...

Oil prices remained mostly stable at the start of Friday trading. The markets are awaiting clarity on OPEC and its allies’ next oil policy ...

Russia's prime minister on Tuesday hailed economic ties with China during a visit in which he will meet with President Xi Jinping and ink a...

Speaking during a televised meeting with senior officials, Putin was responding to comments by Deputy Prime Minister Alexander Novak, who s...

President Vladimir Putin said last month that buyers of Russian gas from "unfriendly" countries should pay in roubles, a move rejected by E...

Russian oil production has been under a massive downward pressure amid sanctions from the West over Moscow's role in Ukraine.

Ash Barty tops the women's entry list and will continue her quest to end a long drought for Australian women at the tournament. No Australi...

The shake-up, which they said was expected to be officially announced later on Monday, would also include the dismissal of Transport Minist...

Brent crude futures inched up 0.7 per cent, or 23 cents to $35.76, adding to a 1.1 per cent gain on Monday in thin holiday trading

“There are viewpoints for Opec+ to do further cuts, but not as big as 1.2 million barrels a day.”

Russia, which pledged to raise its oil production by 200,000 barrels a day, has been quick to meet the target.

Russia and Saudi are probably the two most important oil producers on the planet, with Saudi Arabia the de-facto leader of OPEC, and Russia...

According to data cited in their charts, global oil production has slowed to approximately 83 million barrels per day in 2016, from about 8...