OPEC oil output rose in May, a Reuters survey found, although the increase was limited as Iraq pumped below target to compensate for earlier overproduction and Saudi Arabia and the United Arab ...

OPEC's oil output increase in May was less than planned, as some members compensated for previous overproduction, according to the latest OPEC Monthly Oil Market Report.

OPEC+ nations said they agreed to "reaffirm the level of overall crude oil production for OPEC and non-OPEC Participating Countries" as agreed during the alliance's December meeting. The OPEC+ ...

0843 ET – Oil futures add to overnight gains after OPEC+ agreed at the weekend to unwind another 411,000 barrels a day of output cuts in July, which was widely expected and largely priced in ...

Global oil demand remains steady, with StanChart projecting 1.17 million bpd growth in 2025. StanChart forecasts a balanced market in Q2–Q3, even if all voluntary cuts are lifted.

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

Oil rose for a second day as supply disruptions from Canada's wildfires countered OPEC's latest bumper supply increase.

Ministers of the OPEC+ oil alliance, led by Saudi Arabia and Russia, discussed production on Wednesday as another hike looms despite falling prices. The 22-nation group began a series of cuts in ...

CALGARY (Reuters) -Oil prices held steady on Monday with news that eight OPEC+ countries, who had pledged extra voluntary oil output cuts, will now meet on May 31, a day earlier than previously ...

Market focus has shifted toward potential supply hikes from eight OPEC members that have been carrying out separate voluntary production cuts.