OPEC+ jolted markets by announcing it would flood the market with more oil.

OPEC oil output rose in June, a Reuters survey found, led by Saudi Arabia after an OPEC+ agreement to raise production, ...

NEW YORK] The latest oil supply shockwave unleashed by Organization of the Petroleum Exporting Countries and its partners ...

The latest oil supply shockwave unleashed by OPEC+ is set to swell a surplus later this year, pressuring prices for producers ...

The increase, which the group said was a response to “a steady global economic outlook,” was higher than some analysts ...

Doomsday scenarios about peaking demand or an Asian market implosion are driving current bearish oil views. While OPEC has ...

A group of eight major oil producers - Saudi Arabia, Russia, the United Arab Emirates, Kuwait, Oman, Iraq, Kazakhstan and Algeria - decided on Saturday to increase joint production by 548,000 barrels ...

LONDON: Saudi Arabia, Russia and six other key members of the OPEC+ alliance will discuss crude production on Saturday, with ...

They decided to hike production to 548,000 barrels per day, a statement following a meeting in Vienna said. Analysts had expected the alliance to decide on another output increase of 411,000 barrels ...

Saudi Arabia wants OPEC to boost oil supply to keep its customers satisfied. And it thinks other producers will agree. Saudi Energy Minister Khalid Al-Falih said Thursday that OPEC members and ...

In March 1999, Saudi Arabia, which had accumulated a debt of $130 billion after years of low oil prices, assembled OPEC and non-OPEC producers and engineered a cut in oil production.