The trading slump may be confined to Shell, the biggest European energy company, but it could also be indicative of ...

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

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

In a shocking move that’s rattling global oil markets, OPEC has delivered a powerful blow to the U.S. energy ...

Iran followed in second place with its 2.237 million bpd capacity, capturing roughly 16 percent of OPEC’s share and 2.1 percent of global capacity. Iran’s position is notable considering that it ranks ...

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

OPEC+ is accelerating its oil production increases, aiming to fully unwind its 2023 supply cuts by September, risking an ...

Wall Street analysts predict oil futures will fall below $60 per barrel by the end of the year as the Organization of the ...

Oil rose 1% on Monday as signs of strong demand outweighed the impact of OPEC+ hiking output more than expected for August, ...

Global oil production fell by 1% in 2024 while demand continued to grow, widening the supply gap, OPEC reported.

However, the reality may not be quite as rosy as OPEC paints, with tepid demand growth in major consumers such as China, the world's top oil importer. China's crude imports barely rose in the first ...