The Organization of the Petroleum Exporting Countries and its allies agreed to boost output again next month by larger than expected, raising concerns about a potential oversupply.

Oil on Monday shrugged off the impact of OPEC+ hiking output more than expected for August as well as concern about the ...

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