"The parties also expressed their intention to compensate for any previous overproduction within their own quotas. The Kazakh Energy Minister confirmed his country's full commitment to the agreement, ...

Crude oil prices have stabilized in recent weeks as traders gear up for a meeting of OPEC and its allies. There are signs ...

OPEC+ is expected to extend its production cuts into 2025, which Goldman Sachs sees as providing near-term support for oil ...

Iraq's recent discovery of a significant new oil field in the eastern province of Missan has sparked concerns for Nigeria's ...

Hammer was not the only market observer to point out another delay: Goldman Sachs said the recent oil drop would prompt ...

Political instability, wars, and sanctions can disrupt supply and impact prices. The decisions of OPEC, a group of major Oil-producing countries, is another key driver of price. The value of the US ...

When OPEC+ ministers meet this weekend, they confront the unpalatable choice: continue to curb oil-supplies well into 2025, ...

Crude production from Iraq, Kazakhstan, and Russia has declined in compliance with OPEC+ production cuts, supporting a modest ...

Oil prices edged higher in early Asia trade on reports of potential further delays to OPEC’s planned production hikes, ANZ research analysts said.

OPEC+, the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, are discussing a further delay ...

OPEC+ is facing a dilemma as the group of major oil producers meets this Sunday, thanks to expectations for a surplus in ...

OPEC is unlikely to unwind voluntary production cuts in the short term, executives of global commodity trading giants Vitol, ...