The OPEC+ cartel announced on Saturday that it would increase oil production again. It announced a 411,000-barrel-per-day oil ...

The group agreed to raise output in June, a sign that Saudi Arabia and its allies appear to be weary of cutting output and ...

OPEC’s crude production fell last month despite the group’s long-awaited plans to increase, with much of the reduction stemming from looming US sanctions on Venezuela. Output from the ...

(Bloomberg) -- Oil slumped as OPEC discussed making a second major production increase, inflaming concerns about swelling global supplies that have dragged down crude prices this year. West Texas ...

Opec and its main driver, Saudi Arabia, have decisively shifted gears over the last two months, from neutral to forward. The ...

The group confirmed plans to increase production by 411,000 barrels per day (bpd) next month, the second consecutive month of ...

By bringing forward the compensation cuts for past overproduction of some OPEC+ member states, UBS thinks the effective production increase will be smaller than the announced 138,000bpd.

However, the company anticipates challenges in the second quarter due to tariff impacts and OPEC's production increase, with management focusing on flexibility, cost controls, and opportunities in ...

Morgan Stanley analysts on Sunday said Saturday's announcement by OPEC+ that it will increase June output by 411,000 b/d for a second straight month will widen the supply surplus this year and next, ...

“The drop followed OPEC+’s decision to extend the 411,000 barrels per day production increase planned for May ... ahead of the weekend OPEC announcement, managed money long positions in ...

(Bloomberg) -- Oil slumped as OPEC+ discussed making a second major production increase, inflaming concerns ... to discipline over-producing members. “OPEC’s decision framework appears to ...