Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman, drew a striking historical parallel during a virtual OPEC+ meeting, referencing the 1973 oil embargo as the group ratified its second ...

If a recession or stagflation materializes, it would be a "self-inflicted" injury resulting directly from US government ...

Israel prepares major Gaza operation that may forcibly relocate civilians and risks escalating regional tensions.

OPEC+ shocked the market earlier this month with plans to ramp up crude output, leading oil prices to post their worst monthly performance in years. Now the group of oil producers might add even ...

OPEC oil output edged lower in April despite a scheduled output hike taking effect, a Reuters survey found, led by a cut in Venezuelan supply on renewed US attempts to curb the flows and smaller ...

Oil gapped lower on OPEC perceptions and misconceptions. OPEC and Russia agreed over the weekend to raise output by another 411,000 barrels per day in June, repeating May’s production hike ...

"Oil production costs in the U.S. are significantly higher than in Russia or OPEC. This means that, if global oil prices fall below $50, large part of the U.S. oil production will be wiped off the ...

LONDON : Oil prices fell more than 1 per cent on Monday after OPEC+ decided over the weekend to further speed up oil output hikes, spurring concerns about more supply coming into a market clouded ...

Oil price declined by nearly 4% on Monday morning ... Kazakhstan, Algeria, and Oman, Opec said. However, the group noted that “the gradual increases may be paused or reversed subject to evolving ...

Global share markets displayed mixed performance amid light trading as oil prices declined following OPEC+'s decision to increase production. US futures experienced a dip, while European markets ...

With WTI below $60 a barrel, oil rig counts are apt to decline and could eventually slow U.S. output enough to begin offering price support, “especially if accompanied by other key non-OPEC ...

NEW YORK (AP) — Stocks slipped in afternoon trading on Wall Street Monday and oil prices fell to a four-year low as the OPEC+ group announced plans to increase output. Boston Herald front page ...