Saudi Energy Minister Prince Abdulaziz bin Salman told delegates at the St Petersburg Economic Forum on 19 June that OPEC+ has evolved into a “key guarantor” of global oil prices and market stability.

Futures Movers OPEC+ plan to lift output pulls Brent oil to lowest finish since September Natural-gas futures gains 5.5% as tariff war feeds uncertainty ...

Bearish oil outlook ahead as OPEC+ output jumps, demand growth slows, and geopolitical premiums fade, keeping crude oil futures under sustained pressure.

Oil prices have stabilised at pre-Middle East conflict levels following the start of the ceasefire. Expanding the oil supply further, however, could prove to be a critical test.

Oil posts worst week since March 2023, down 12% on Israel-Iran ceasefire. OPEC+ production hike adds pressure but Friday bounce suggests oversold conditions.

Oil held steady as traders weighed the uncertain status of nuclear talks between the US and Iran against reports that OPEC+ may extend its run of super-sized production increases. West Texas ...

Geopolitical tensions eased, but market uncertainty remains with sanctions, diplomacy, and OPEC talks in focus.

Iran, a founding member of OPEC in 1960, has lost influence in the oil cartel that provides 36% of the world's production as the Islamic Republic's status eroded over decades due to sanctions and ...

Hang seng slides as US-Iran conflict weighs on Asian markets; brent crude spikes 5%, OPEC warns of supply risk ...

Opec+ shocked oil markets in April by agreeing to an output hike for May despite weak prices and slowing demand.

Kazakhstan Oil Output: Under the latest agreement by OPEC+, which includes the Organization of the Petroleum Exporting Countries and allies, Kazakhstan's quota for May rose to 1.486 million bpd from 1 ...

The cartel trimmed next year’s forecast for supply growth from the U.S. and other rivals while keeping its oil demand expectations unchanged as it continues to ramp up production.