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

Members of the Organization of Petroleum Exporting Countries (OPEC+) on Sunday announced plans to increase oil production by ...

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

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

Oil prices remain under pressure as surging OPEC+ output and slowing demand from India shift market sentiment bearish. With U ...

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

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 ...

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 ...

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

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 ...

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

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.