The OPEC bloc of oil-producing nations announced Monday that it will extend oil production cuts through the end of 2024, spurring a 2 percent increase in the price of U.S. benchmark West Texas ...

Saudi Arabia and allied oil producing countries said on Sunday they would postpone a plan to gradually increase oil output until the end of the year, extending their output cuts by one month.

Saudi Arabia and allied oil producing countries say they will postpone a plan to gradually increase oil output until the end of the year.

Crude oil futures are rising Monday after the Organization of the Petroleum Exporting Countries and its allies (OPEC+) on Sunday extended their output cuts by one month.

Saudi Arabia and allied oil producing countries said they will postpone a plan to gradually increase oil output until the end of the year, extending their output cuts by one month.

The organisation has raised its long-term outlook, driven by increased consumption in developing nations, and sees no ...

OPEC+ attributed the production hike to steady global economic conditions and strong market fundamentals, pointing to low ...

Eight OPEC producers agreed to lift crude output by 548,000 barrels per day in August, exceeding the anticipated 411,000 barrels per day rate.

West Texas Intermediate (WTI), futures on NYMEX, recovers its initial losses and rebounds to near $65.50 during the European ...

Saudi Arabia and allied oil producing countries said on Sunday they would postpone a plan to gradually increase oil output until the end of the year, extending their output cuts by one month.