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 ...

Oil futures fell for a second straight session as a weak U.S. employment report added economic worries to concerns about U.S. tariffs curbing demand.

PERTH, Oct 20 (Reuters) - Oil extended gains and hovered above $72 a barrel on Monday, bolstered by expectations OPEC could cut output at an emergency meeting this week to shore up prices.

The OPEC+ coalition has been operating a group-wide production agreement, along with two output cuts that are only informally tackled by an eight-member subset of the organization. Under formal ...

Global oil markets are again showing the impact of emotions and misinterpretation. The so-called surprise production increase taken by eight (8) leading members of OPEC is, in principle, not ...

Oil futures were lower for a third session with prospects of increased output and easing demand keeping buyers at bay.

Compliance with the supply-cut deal was 94 percent in February among OPEC and non-OPEC oil producers combined, Russia’s Novak said. Russia is committed to cuts of 300,000 bpd by the end of April ...

CAIRO, Egypt - OPEC held off on announcing new oil output cuts on Saturday, but its alarm over falling demand and a slumping economy potentially laid the groundwork for a ...

OPEC+ alliance holds oil quotas ahead of July output review By Ruxandra Iordache, CNBC • Published May 28, 2025 • Updated on May 28, 2025 at 2:11 pm Log in or create a free profile to save ...