President Donald Trump in a speech in Saudi Arabia urged Iran to take a “new and a better path” as he pushes for a new ...

The group's decision has triggered a supply surge, despite crude oil sliding to the low-$60s per barrel - and U.S. shale producers are "feeling the squeeze," economists at Allianz Research, led by ...

Until recently OPEC + was showing restraint. Strict quotas, cutting the group’s production by nearly 6m b/d, were introduced ...

The OPEC+ cartel announced on Saturday that it would increase oil production again. It announced a 411,000-barrel-per-day oil ...

Saudi Arabia is boosting oil output, pressuring U.S. shale producers and shaking markets. Here's how this move could impact ...

The OPEC+ oil cartel, which is de facto led by Riyadh, has increased production—causing barrel prices to hit a four-year low.

Prices have been on the downward trend since early April, when they fell as low as $55 a barrel on the heels of Trump’s ...

OPEC+ output hike drives bearish crude oil outlook as demand concerns and rising inventories weigh on oil prices and futures ...

At a meeting on Saturday, Saudi officials led the group in approving a significant production boost of 411,000 barrels a day for June -- marking the second consecutive month of sizable hikes. The move ...

Nigerian crude fell below the Federal Government’s benchmark, selling for $65 per barrel, as OPEC increased production despite heightened geopolitical ...

The largest western oil producers are mostly sticking with their growth plans for now, despite a 16% decline in crude prices ...

Saudi Arabian officials are briefing allies and industry experts to say the kingdom is unwilling to prop up the oil market ...