Yet again, OPEC has postponed plans to increase oil production until at least the end of the year. That drove oil futures ...

Saudi Arabia, which leads the group, appears wary of unsettling markets just before the U.S. presidential election on Tuesday ...

OPEC+ delayed a planned increase in oil production, causing prices to rise as analysts debate the long-term impact on the market.

Oil prices opened $1 dollar higher following the weekend to trade at 73.80 a barrel when markets opened. Click to read.

Oil prices traded in a narrow range on Tuesday ahead of what is expected to be an exceptionally close U.S. presidential ...

Crude is still down substantially over the last 12 months. U.S. producers have kept output high and China’s economic slump is denting demand.

In 1960, frustrated by Western control over the world’s oil industry, five of the world’s top oil-producing nations created the Organization of the Petroleum Exporting Countries, or OPEC.

Oil futures ... leave the market having to rethink the strategy of OPEC+," according to ING analysts. "This delayed supply ...

The Organization of Petroleum Exporting Countries and its allies have lost market share in 2023 ... as they pull back on oil output, according to Smith. Global crude prices have softened over ...

Oil prices were rising early Monday after the Organization of the Petroleum Exporting Countries extended production cuts. West Texas Intermediate, the U.S. benchmark, was up 2.2% at $71.01 a barrel.

The Organization of the Petroleum Exporting Countries and allies are in a dilemma with its decision to increase oil output ...

SINGAPORE: Oil markets were weak on Friday as fresh signs OPEC will continue to value market share over prices outweighed expectations of a lift when the United States kept interest rates at ...