OPEC+ ministers have decided to keep the current oil output policy unchanged, with plans to reduce cuts from October. They also mentioned t...

OPEC+ to maintain oil output policy until June; next meeting likely swift. Members agree on 2.2M bpd cuts until Q2 end. Oil prices strong, ...

Brent crude futures for January gained 16 cents, or 0.2%, to $84.09 a barrel by 11:01 a.m. EDT (1601 GMT). The front-month Brent contract e...

Oil has jumped towards $100 a barrel for Brent crude , the highest since 2022, although prices have come under pressure in recent days from...

"Saudi Arabia will extend the voluntary cut of one million barrels per day... for another month to include the month of September," the ene...

At its last gathering in early June, OPEC+ decided to increase output each month by 648,000 barrels per day (bpd) in July and August, up fr...

A panel of officials from OPEC+ producers, called the Joint Technical Committee, considered this worst-case scenario during a virtual month...

"We have to be realistic that this recovery is not picking up pace at the rate that we expected earlier in the year," he said. "Demand itse...

The Organization of the Petroleum Exporting Countries and allies including Russia, a group known as OPEC+, have been cutting output by a re...

US West Texas Intermediate (WTI) crude rose 53 cents, or 1.3 per cent, to $40.82 a barrel.

US West Texas Intermediate (WTI) crude futures slid 53 cents to $39.57.

Opec+ has been cutting output by a record 9.7 million barrels per day (bpd) since May 1.

OPEC, Russia and allies, known as OPEC+, agreed on Saturday to keep production cuts of 9.7 million barrels per day,

JTC meeting will be held and then a day after that the JMMC meeting, one of the sources said.

Opec members usually decide their plans for shipping oil to customers for July in the first week of June.

"We will be flexible. We are going to do the right thing as we always do," Falih said .

Consequently, the reverse repo rate under the LAF remains at 6.25 per cent