The kingdom called out members for overproducing, in what was seen as a veiled threat of a price war.

United Arab Emirates Energy Minister Suhail al-Mazrouei said on Wednesday OPEC+ was doing a noble job of balancing the oil ...

But while Hess will remain on as an advisor to Chevron concerning the new company’s business operations in Guyana ... low ...

Analysts have cut their 2024 oil price forecasts for a fifth consecutive month, citing weaker demand and uncertainty over ...

Saudi Arabia is again signaling a shift in strategy to protect global market share. The last time this happened, an oil bust ...

Crude oil gained as much as 5% as reports of Iranian missiles targeted at Israel came in Tuesday, in an escalation of ...

Prospects of additional oil supply hitting the market if OPEC+ sticks to its output plans are raising fears of a market surplus, painting a rather grim outlook for crude prices. The international ...

Choosing Opec’s next move is a complex mix of game theory and signalling, beyond simply barrel-counting. But even the ...

LONDON – Opec raised its forecasts for world oil demand for the medium and long term in an annual outlook, citing growth led by India, Africa and the Middle East and a slower shift to electric ...

Oil prices dropped 5% this week due to rising OPEC supply and weak demand from China. Natural gas prices rose on Hurricane ...

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Crude dropped more than 2% on reports that Saudi Arabia is ready to let more barrels flow into the market even if prices fall ...