OPEC+ is set to raise its oil output targets for the fourth straight month, a strategic move amidst production hurdles faced by some of its...

Seven key OPEC+ oil nations are poised to increase July output by approximately 188,000 barrels per day. This decision comes as the group m...

OPEC+ plans a small oil output increase. This boost will be symbolic as the U.S.-Iran conflict blocks vital Gulf oil routes. The Strait of ...

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...

United Arab Emirates has announced it will exit OPEC and OPEC+ effective May 1, delivering a fresh shock to an already strained global ener...

In a dramatic turn of events, the United Arab Emirates has officially exited OPEC, signaling a significant transformation within the global...

The Iran war's economic ripple effect is hitting emerging markets hard, two months on. Rising inflation, trade disruptions, and fiscal stra...

Russia and Saudi Arabia will provide 60 per cent of the total production increments scheduled for May 2026, leading a collective move by ei...

Crude oil prices dipped on Wednesday, with West Texas Intermediate falling as geopolitical tensions and anticipated U.S. inventory builds o...

Russian oil output increased in October, reaching 9.382 million barrels per day. This rise comes as global oil producers continue to boost ...

After a recent drone attack that put a hold on its operations, Russia's Orenburg gas plant is back in action, once again sourcing natural g...

Brent crude futures slipped 26 cents, or 0.41%, to $63.89 a barrel by 0104 GMT. U.S. West Texas Intermediate crude fell 27 cents, or 0.44%,...

OPEC plus is likely to increase oil production further. The group may reverse voluntary output cuts by October. This decision follows conce...

Kazakhstan's oil output experienced a decrease in early April compared to the March average, primarily due to reduced production at the Ten...

Eight OPEC+ countries have agreed to increase oil output by 411,000 barrels per day in May, surpassing their initial plan. This decision ai...

Oil lost more ground on Monday as rapidly climbing cases of the Omicron COVID-19 variant hit economic activity, although losses were curbed...

Oil prices rose on Friday as an uprising in Kazakhstan stoked worry that crude supply from the OPEC+ producer could be disrupted at the sam...