World oil supply will rise more rapidly than expected this year and next as OPEC+ members further increase output and supply ...

Bank of America said Thursday it expects Brent crude prices will drop below $60/bbl in this year's H2, as rising production by OPEC+ will increase the crude oil market surplus. BofA forecasts an ...

OPEC+ members have agreed in principle to make another bumper oil production increase of about 548,000 barrels a day for ...

BofA said, however, Brent oil price could rebound above $70/bbl by the summer of 2026 due to a combination of easier global monetary policy, a weaker dollar, more disciplined OPEC+ production and ...

A group of countries that are part of the oil cartel OPEC+ have agreed to boost oil production, which some believe could ...

The Organization of the Petroleum Exporting Countries and its allies agreed to boost output again next month by larger than ...

ASTANA – Kazakhstan produced an average of 1.827 million barrels of oil per day in July, down 36,000 barrels from June, ...

OPEC+ producers raised their combined crude oil production in July by less than planned, with Saudi Arabia's supply data ...

Crude oil futures plunged over 5% this week as bearish fundamentals—including rising OPEC+ output, weak exports, and fading ...

Saudi Arabia, Russia and six key members of the OPEC+ alliance said Sunday they will increase production by 547,000 barrels a ...

The pump price of petrol may hit N900 per litre this week if the price of crude oil continues to hover around $70 per barrel.

An OPEC+ panel on Monday stressed the need for full compliance with oil production agreements, ahead of Sunday's separate gathering of eight OPEC+ members to decide on increasing oil output for ...