Crude oil futures closed Friday at their lowest settlement price this year, with both WTI and Brent benchmarks tumbling more than $2/bbl, fueled by near-term supply concerns and expectations that ...

Brazil’s government on Tuesday approved joining OPEC+, a group of major oil-exporting nations, signaling the country’s ...

OPEC on Wednesday stuck to its forecast for relatively strong growth in global oil demand in 2025, saying air and road travel ...

With growing competition from non-OPEC producers, the group may need to reassess its production strategy to avoid further ...

The Organisation of the Petroleum Exporting Countries has sent a new challenge for Nigeria government to achieve crude oil production of 4 million barrels per day.

OPEC has rejected U.S. calls for increased oil production, stating that the cartel's decisions are based on market ...

Iraq’s oil ministry has announced the resumption of oil exports from northern Iraq’s semi-autonomous northern Kurdish region ...

OPEC+ producers, including Russia, have decided against postponing the planned series of monthly oil supply increases from ...

Flows of crude oil through a pipeline from the semi-autonomous Kurdistan region in northern Iraq to Turkey could restart soon ...

Tough US sanctions on Russian oil are allowing the biggest Middle Eastern producers to raise prices for their main market by ...

The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria’s average daily crude oil production increased ...

Brazil’s government on Tuesday approved joining OPEC+, a group of major oil-exporting nations, signaling the country's ...