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+ curtailed production for several years to support the market. It reversed course this year to regain market share.

OPEC+ members have agreed to a second consecutive production increase this year, effectively ending voluntary cuts on ...

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 ...

World oil supply will rise more rapidly than expected this year and next as OPEC+ members further increase output and supply from outside the group grows, the International Energy Agency said this ...

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

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 ...

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

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

Oil prices slipped in early Asian trade on Monday after OPEC+ agreed to another large production hike in September. Brent ...

Oil futures are under pressure after OPEC+ — made up of the Organization of the Petroleum Exporting Countries and its allies ...

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