THE Organization of the Petroleum Exporting Countries (Opec) and its allies, collectively known as Opec+, announced the decision on Saturday to increase oil out ...

OPEC+ announced over the weekend its plan to hike production by 5.48 lakh barrels per day (bpd) in August, which is ...

Since global oil inventories are still low, there is little risk that OPEC's decision to increase production will lead to a ...

European stock markets and the dollar strengthened Monday as countries fought to hammer out trade deals days before US ...

After several months of volatility in the market, a new forecast is predicting slightly stronger oil prices for the rest of ...

Despite concerns over excess supply, oil prices overturned declines from earlier in Monday’s session, as downside risks appeared contained.