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Oil markets are facing a supply glut, with non-OPEC producers on track expand production by 1.5 million barrels of oil a day, ...

Russia's crude oil output edged up in October by 9,000 barrels per day (bpd) to about 9.01 million bpd, the Organization of ...

Yet again, OPEC has postponed plans to increase oil production until at least the end of the year. That drove oil futures ...

A supply glut tends to reduce prices, which could prove challenging for President-elect Trump’s plan to boost U.S. oil ...

OPEC cut its forecast for global oil demand growth this year and next on Tuesday, highlighting weakness in China, India and ...

OPEC lowered its forecast for global oil demand growth for 2024 and 2025 on Tuesday, highlighting weakness in China, India and other regions, making the producer group’s fourth consecutive downward ...

OPEC oil output rebounded in October from its lowest this year the previous month as Libya resolved a political crisis, a ...

OPEC lowered its global oil demand growth outlook for 2024 and 2025 for the fourth consecutive month, citing a decline in ...

No reason was given for the move, which comes ahead of the U.S. presidential election on Tuesday. In June, OPEC said 2.2 million barrels a day in voluntary cuts were extended until September but would ...

ExxonMobil CEO Darren Woods said there's not much opportunity for the oil industry to increase production in the short term.

In June, OPEC said 2.2 million barrels a day in voluntary cuts were extended until September but would then be gradually reduced month by month until they are eliminated by September 2025.