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

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“OPEC is simply cognizant of a weakening demand for oil and ... what to do in coming months and years as it seeks to keep prices up and regain lost market share, says Kieran Tompkins of Capital ...

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Oil futures finished sharply higher Monday after members of OPEC+ - made up of the Organization of the Petroleum Exporting Countries and its allies - said they would wait yet another month before ...

While the announcement sent West Texas Intermediate futures to as high as $71.81/bbl and pushed Brent above $75.40/bbl, contracts over the last hour of the morning backed off some of the early gains ...

The OPEC bloc of oil-producing nations announced Monday that it will extend oil production cuts through the end of 2024, spurring a 2 percent increase in the price of U.S. benchmark West Texas ...

Rigzone talks to representatives of Hartree Partners, the Heritage Foundation, and the American Enterprise Institute.

OPEC+ has delayed its planned production increase for a second time, citing market conditions and geopolitical uncertainties.