Oil companies are braced for a toughest year since the coronavirus pandemic as lower crude prices squeezed their 2025 ...

OPEC+, which includes Russia, agreed to a large oil production hike in June, Reuters reported on May 4, citing five unnamed ...

OPEC+ agreed on Saturday to increase output by another 411,000 barrels per day in June. The decision follows a surprise move in April by agreeing to a bigger-than-expected output hike for May despite ...

Oil prices plunged to a near four-year low on Monday morning which pundits expect will continue to push petrol prices lower.

Futures for the Dow Jones Industrial Average dropped 193 points, or 0.47%. Futures for the S&P 500 fell 0.52%, and Nasdaq ...

If there is one thing that is almost certain in the current global crude oil market, it's that the stated reasons for the ...

The Organization of the Petroleum Exporting Countries and allies (OPEC+) is set to further speed up oil output hikes. Citing five sources, Reuters reported that this could bring back to the market as ...

DUBAI: The Organisation of Petroleum Exporting Countries (Opec) has agreed to accelerate oil production hikes for a second ...

OPEC+ ramps up output by 800,000 bpd, setting a bearish tone as weak oil demand and rising inventories pressure the global ...

Brent tumbled by as much as 4.6 per cent toward US$58 a barrel. Read more at straitstimes.com. Read more at straitstimes.com.

Eight members of OPEC+ have hinted at plans to further accelerate oil output hikes, amid the latest step to unwind ...

Inventories may increase by about 200m barrels over the next three quarters, which could drive crude toward the low $50s ...