A scenario in which a group of major oil producers known as OPEC+ decides to “flood the market ... Oil prices would have to drop to levels that shut in existing non-OPEC production, which ...

US crude production notched a new monthly record in August. That's not necessarily welcome news to other countries.

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.

Crude prices rallied after OPEC and its allies delayed a planned production increase by a month, as Israel-Iran tensions remain heightened, and the U.S. election looms. Dig deeper: ...

But it was over quickly. China’s economic data was released, the IEA and OPEC published their latest oil market forecasts, and prices slumped right back down. The bears are firmly dominant in ...

Iraq Oil Minister Ihsan Abdul Jabbar on Monday said the Organisation of the Petroleum Exporting Countries (Opec) and allies including Russia, known as Opec+, are monitoring the oil price situation ...

Oil prices slipped slightly but remained generally range-bound. Brent crude and WTI both fell 0.2%, to $81.23 and $26.69 a barrel, respectively. Oil prices are likely to tread water in the run-up ...

OPEC+ and Saudi Arabia's attempt to regain control of the oil market ... is a blow to OPEC and its de-facto leader, Saudi Arabia, which has been trying to staunch the fall in oil prices for ...

That's despite OPEC's efforts to keep prices elevated by slashing ... the kingdom might be ready to boost its oil output and bolster its market share. One source told the Financial Times that ...