Behind OPEC+'s plan to ramp up oil output and punish over-producing allies, group leaders Saudi Arabia and Russia are pushing ...

OPEC’s Secretary General Haitham Al-Ghais said that the organization's outlook for the global oil market remains positive overall, despite recent econ ...

Saudi Arabia is expected to burn more crude oil for power generation this summer than last as it ramps up output after OPEC+ ...

OPEC remains optimistic about oil demand growth through 2026, even as it warns of declining investment and slower supply growth from non-OPEC+ producers like the U.S.

Jersey drivers will see higher gas prices to start the summer driving season, but two experts explained why those highs won't last.

During mid-morning trading, West Texas Intermediate ( CL=F) futures rose 0.1% to hover near $62.10 per barrel, erasing gains of more than 1.5%. Brent crude ( BZ=F ), the international benchmark, was ...

The developing relationship between OPEC+ and BRICS is significantly reshaping the global energy landscape. The coinciding ...

The Organization of the Petroleum Exporting Countries trimmed its economic growth outlook and kept its oil demand forecast ...

Despite pledges to increase production, OPEC+ saw a decline in collective output in April, driven by shortfalls in sanctioned ...

GasBuddy, a company that tracks gas prices in the U.S., projected Tuesday the national average rate on Memorial Day will be ...

While the United States is still expected to drive supply growth, OPEC expects total oil output to rise by about 300,000 bpd this year. Last month, it forecast growth of 400,000 bpd. OPEC left its ...

OPEC+ output hikes, however, also come as the best quality shale areas in the biggest U.S. oilfield, the Permian, have been ...