Gas could get even cheaper this summer. Supachai Panyaviwat/. OPEC+ is boosting oil output, tanking prices as US summer ...

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

OPEC leader Saudi Arabia is aiming to regain market share amid US shale competition and slow Chinese demand. Oil prices could stay lower for longer on OPEC's production ramp up, analysts say.

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

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

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

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 ...

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 ...

President Biden will visit Saudi Arabia this June after the Organization of the Petroleum Exporting Countries agreed Thursday to increase oil production, according to multiple reports.

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.