OPEC oil output rose in May by less than the volume planned, a Reuters survey found, as Iraq made further cuts to compensate ...

The OPEC+ alliance may be boosting oil-production quotas at a significant pace in a push to restart idled capacity, but that ...

Saudi Arabia wants OPEC+ to continue with accelerated oil supply hikes in the coming months as it puts greater importance on ...

Saudi Arabia, the world's biggest oil exporter, cut its July prices for Asian crude buyers to close to the lowest level in ...

Saudi Arabia and the United Arab Emirates see a chance to ratchet up production in July, the third consecutive month of ...

Saudi Arabia, the world's biggest oil exporter, on Wednesday lowered its July prices for Asian buyers after OPEC+ hiked ...

Crude oil futures turned lower in a volatile session Wednesday, as a Bloomberg report said Saudi Arabia is open to additional significant OPEC+ production hikes after July in a bid for market share.

Russian and Saudi oil interests have not been so misaligned since the pandemic as Saudi Arabia seeks to accelerate its oil ...

Some of the eight countries involved are overproducing their quotas, meaning that the ultimate increase in Opec+ output may ...

Downward pressure on oil prices may lead to relief at the pump this summer. A headline in the New York Times this weekend ...

Ministers of the OPEC+ oil alliance, led by Saudi Arabia and Russia, discussed production on Wednesday as another hike looms ...

Oil exporting group Opec+ has announced a further unwinding of production cuts, but the impact on tanker demand may be more ...