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

WTI price rose due to rising supply concerns following the news of Israel planning to strike nuclear facilities in Iran. Iran may block the waterways through the Strait of Hormuz, raising concerns for ...

The past few months have ushered in enormous changes for the energy industry, from the resurgence of the Organization of the Petroleum Exporting Countries, or OPEC, to a sudden slowdown in U.S.

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

Muhammad bin Salman, the crown prince and de facto ruler, often known as MBS, has been trying for a decade to ease Saudi ...

HOUSTON, TX / ACCESS Newswire / May 15, 2025 / PEDEVCO Corp. (NYSE American:PED) ("PEDEVCO" or the "Company"), an energy company engaged in the acquisition and development of strategic, high growth en ...

Trump loves cheap oil and high-dollar deals. His trip to Saudi Arabia is putting the two on a collision course.

World oil supply will rise more rapidly than previously expected this year as Saudi Arabia and other OPEC+ members unwind output cuts, the International Energy Agency (IEA) said on Thursday, despite a ...

According to the IEA, the target production level for OPEC+ countries under the agreement stood at 33.78 mln bpd in April, while actual output reached 35.01 mln bpd ...

OPEC nations made a careful start to their long-awaited oil production revival in April, ahead of the group's plans for a ...

OPEC cuts 2025 non-OPEC oil supply growth forecast to 0.8 mb/d amid falling investment and slowing output in key producers..

Oil prices have begun rebounding amid signs of easing U.S.-China tensions and a surprise dip in U.S. inflation.