Oil prices rose around 3% on Thursday, buoyed by hopes of a breakthrough in looming trade talks between the U.S. and China, ...

Meanwhile, OPEC and its allies–which pump more than half of the world’s crude oil–unexpectedly decided to increase supply by 411,000 barrels a day in May, the equivalent of three monthly hikes under ...

MOSCOW: The Organization of the Petroleum Exporting Countries (OPEC) has received updated plans for Iraq, Kazakhstan and other countries to make further oil output cuts to compensate for pumping above ...

Kazakhstan has no plans to reduce its record-high crude and condensate output in May, further straining the OPEC+ alliance by ...