Saudi Arabia, Russia and six other key OPEC+ members announced on Saturday a huge increase in crude production for July.

Oil marketing companies have announced a reduction in the prices of commercial LPG cylinders, with the new rates coming into ...

Eight members of the OPEC+ oil producing countries have begun to unwind some of their output restrictions. They are looking to ...

Saudi Arabia and the United Arab Emirates see a chance to ratchet up production in July, the third consecutive month of ...

MOSCOW, May 31. /TASS/. Eight OPEC+ countries voluntarily reducing oil production have agreed to increase production by another 411,000 barrels per day in July, which is in line with the initial three ...

OPEC+ agreed on Saturday to hike July oil output by 411,000 barrels per day (bpd), the same as in May and June, as the group ...

The eight members, set to meet online at 0900 GMT, could discuss an increase larger than 411,000 bpd for July, two sources ...

Crude oil futures ended lower as the market awaits the outcome of Saturday's OPEC+ meeting, where the group is widely ...

Hedge funds loaded up on the most bearish bets against Brent crude since October as the market braced for a fresh injection ...

A decision by major oil producers this weekend could pull prices for crude down to their lowest levels since 2021, with ...

MACRO: A sharp selloff in oil prices ahead of the OPEC+ meeting has been partially offset by a larger-than-expected drawdown in U.S. oil inventories, with gasoline demand spiking ahead of driving ...

Petroleum prices, however, are being helped by a weaker dollar, which remains near a 52-week low against a basket of foreign currencies on the U.S. Dollar Exchange. A weaker U.S. currency makes dollar ...