President Donald Trump moved on his first day in office to increase U.S. oil and gas production, but the country's oil ...

Obituaries for OPEC have been prematurely written before, but the emergence of new producers outside of the oil cartel and the continued slowdown of China's economy may be shifting the balance of ...

Oil prices rose marginally higher yesterday despite OPEC trimming demand estimates. ICE Brent settled just below US$65/bbl. The market is digesting fast-moving policy developments on the tariff front, ...

A photo of the OPEC Seminar. OPEC is an organization of 12 of the countries responsible for oil production in the world. It includes Algeria, the Republic of the Congo, Equatorial Guinea ...

LONDON/MOSCOW (Reuters) - Eight OPEC+ countries unexpectedly agreed on Thursday to advance their plan to phase out oil output cuts by increasing output by 411,000 barrels per day in May, a ...

It’s been a month since OPEC+ said it would go ahead and gradually unwind its voluntary production cuts starting on April 1, but threats to global supplies have helped prices recover their ...

If the $2.7 trillion global crude oil market were a sovereign country, it would be the world's eighth-largest economy, right after France. "Black gold" is the most-traded commodity in the world.

April 3 (UPI) --Eight OPEC oil-producing nations Thursday agreed to boost crude oil production beginning in May. OPEC said in a statement that Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan ...

Oil, which was already down over 4% on U.S. President Donald Trump's announcement of tariffs on trading partners, extended declines after OPEC updated its plans in a statement, with Brent crude ...