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This decision comes amid differing forecasts for global oil demand. The group aims to manage market stability. Asian demand, particularly from China and India, remains a key factor. OPEC+ seeks to ...

Abu Dhabi hosts a major oil summit Monday, just after OPEC+ and its allies announced they would halt planned production ...

Morgan Stanley raised its near-term forecast for crude oil prices following OPEC+’s decision to pause production hikes.

Oil prices climbed in Asian trading on Monday after the Organization of the Petroleum Exporting Countries and allies (OPEC+) ...

But Emily Ashford, an energy analyst at Standard Chartered bank, said an increase in OPEC+ quotas of 137,000 barrels would ...

OPEC+ managed to both meet market expectations and deliver a surprise by agreeing to a small rise in crude oil output for December, but then pausing for the first quarter of next year.

Oil rose after OPEC and its allies agreed to boost oil production by 137,000 barrels a day in December, but said they wouldn’t increase production in first three months of 2026 due to seasonality.

A 3D printed oil pump jack is seen in front of the OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic ...

Exxon Mobil’s third-quarter earnings beat Wall Street’s expectations, bolstered by strong Guyana and Permian Basin production. Exxon earned $7.55 billion, or $1.76 per share, for the period ...

We take a look at the numerous factors that affected oil prices in October. I expect November WTI prices to be between $55-65 ...

India became the biggest importer of Russian crude in the aftermath of Moscow’s 2022 Ukraine invasion. According to a document reviewed by Reuters on Thursday, India Oil has also invited initial bids ...