Russia's top oil official said on Thursday that OPEC+ oil producers should proceed with plans to increase output, noting ...

ST PETERSBURG (Reuters) -U.S. and Chinese purchases for strategic oil reserves are expected to offset any potential global ...

Russia’s chief oil official advocated for OPEC+ oil producers to move forward with their scheduled output increase, citing an ...

A surplus is possible later, but it will be offset by oil purchases for strategic reserves, Gazprom Neft CEO Alexander Dyukov said.

Fears that Israel may destroy Iranian oil facilities to deprive it of its main source of revenue have driven oil prices ...

Saudi Energy Minister Prince Abdulaziz bin Salman said OPEC+ has become a key guarantor of oil prices and the sector as a ...

OPEC+’s latest increase of 411,000 barrels per day (bpd) for July, the third such hike in three consecutive months, suggests ...

The OPEC+ alliance may be boosting oil-production quotas at a significant pace in a push to restart idled capacity, but that ...

For months, the biggest news in the market has been OPEC+’s seismic decision to stop supporting oil prices — instead ...

The shift in OPEC+ policy suggests that oil prices will come under pressure towards the end of the year. Click to read.

Oil inventories have risen sharply across the world in recent weeks, a sign of the pressure that higher output from OPEC+ could place on the global crude market as the year progresses.

Oil market participants have switched to dreading a shortage in fuel from focusing on impending oversupply in just two days ...