The OPEC oil-producing countries and ally Russia said Friday they have agreed to cut crude production, prompting a surge in global crude prices they hope to sustain into next year. The group decided ...

By Nidhi Verma NEW DELHI, Jan 15 (Reuters) - India's Russian oil imports fell to their lowest level in two years in December, ...

OPEC and its allies reached a deal to slash oil production on Friday despite pressure from President Donald Trump to keep pumping. The cuts will remove 1.2 million barrels a day from world markets, ...

Fears of fresh escalation in Syrias war coupled with compliance with a pledge by the OPEC cartel and Russia to limit production are keeping oil prices at current high levels, the International Energy ...

OPEC on Wednesday said world oil demand would rise at a similar pace in 2027 as this year and published data indicating a ...

Oil producers within and outside OPEC are expected Thursday to extend a deal cutting output aimed at lifting the price of crude, but US rivals could spoil the party. Last November members of the ...