For the first time in eight years, the Organization of Petroleum Exporting Countries has agreed to cut oil output, ratcheting down production by 1.2 million barrels per day in hopes of stabilizing the ...

OPEC+ kept oil output unchanged on Sunday after a quick meeting that avoided discussion of the political crises affecting several of the producer group’s members. Sunday’s meeting of eight members of ...

Oil producers inside and outside the Organization of the Petroleum Exporting Countries are quietly shifting from restraint to expansion, lifting output even as demand signals look uneven. The result ...

As the IEA plans a record oil reserve release during the Iran war, here is how global crude supply is shaped by producers ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Leading oil producing nations confirmed on Sunday that they would remain cautious on their outlook after the U.S.' raid in Venezuela, saying they wouldn't make any drastic changes to production levels ...

OPEC+ nations gathering this weekend are once again grappling with the thorny question of how much oil they're physically able to pump. OPEC+ nations gathering this weekend are once again grappling ...

LONDON, Nov 30 (Reuters) - OPEC oil output rose for a fifth month in November, a Reuters survey found, as increased Libyan production offset full adherence by other producers to cuts agreed in an OPEC ...

Nigeria's crude oil production fell to 1.31 million barrels per day (bpd) in February, according to the Organisation of ...

LONDON, Sept 30 (Reuters) - OPEC oil output has risen for a third month in September, a Reuters survey found, as a restart of some Libyan installations and higher Iranian exports offset strong ...