Brent fell toward $64 a barrel, declining for a fourth session and bringing its weekly loss to about 2%. West Texas ...

OPEC+ output policy. The oil market is under renewed pressure as noise builds around what OPEC+ will do with their July output levels. There are reports suggesting the ...

The pressure on markets comes as Bloomberg News on Thursday reported that members of the OPEC+ group are considering another output hike in July. The group has already agreed to raise production by ...

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

From January 2025 to December 2026, oil production in Non-OPEC countries is expected to increase by 1,428 kb/d. January’s Non-OPEC W/O US oil production rose by 37 kb/d to 40,040 kb/d.

Reuters has previously reported that OPEC+ will accelerate oil hikes and could bring back as much as 2.2 million bpd to the market by November, including via an accelerated increase in July. Copyright ...

Oil prices slipped on Thursday as investors weighed a report that OPEC+ is discussing a production increase for July, stoking ...