Russia will stick to its commitments to the OPEC+ group of leading oil producers and has reached its promised oil output ...

Experts believe that crude oil prices could also fall amid higher production from non-OPEC, which would balance lower supply from the Saudi Arabia-led oil cartel OPEC+. On November 3, the Organisation ...

Libya is preparing to hold its first oil and gas exploration bid round in over 17 years, signaling a potential boom in the ...

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

Libya is planning its first tender for energy exploration contracts since 2011’s civil war, as the OPEC member looks to bring ...

Meanwhile, OPEC’s oil output rebounded in October, largely due to Libya resuming production, and Iran is planning to increase ...

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

Saudi Aramco’s Q3 profit fell 15.4% to $27.6 billion due to lower oil prices, yet it maintained a $31.1 billion dividend, ...

"We are now in the calm before the storm," IG market analyst Tony Sycamore said, adding investors are focusing on the outcome ...

Oil futures posted strong gains Monday after OPEC and its allies delayed plans to start unwinding production cuts by another ...

Oil prices climbed nearly 3% on Monday on OPEC+'s decision for a month's delay in plans to increase output, while investors ...

The OPEC bloc of oil-producing nations announced Monday that it will extend oil production cuts through the end of 2024, ...