OPEC+

Oil will keep drawing strength from Middle East geopolitics, OPEC+ strategy for now

Iranian cargoes, which are usually masked as blended crudes that originate from Malaysia, have been ...

Earnings for Big Oil backpedal as natural gas prices tumble

French oil major TotalEnergies also slightly beat analysts forecasts as good refining margins partia...

OPEC switches to 'call on OPEC+' in global oil demand outlook, sources say

Demand for crude from the wider group is now more relevant, one of the sources said, because the DoC...

Iraq won't agree to new OPEC+ oil production cuts, oil minister says

Iraq has repeatedly said it is committed to voluntary cuts initially announced by OPEC+ in 2023 but ...

Oil prices fall on worries of higher US interest rates

Brent crude futures fell 27 cents, or 0.3%, to USD 81.63 a barrel at 0004 GMT. U.S. West Texas Inter...

Oil creeps back up after three days of losses

OPEC+, which groups together OPEC and allies led by Russia, will meet on June 1 to decide on product...

What is OPEC+ and how does it affect oil prices?

OPEC formed the so-called OPEC+ coalition with 10 of the world's leading non-OPEC oil exporters, inc...

What is OPEC+ and how does it affect oil prices?

OPEC formed the so-called OPEC+ coalition with 10 of the world's leading non-OPEC oil exporters, inc...

Oil set for weekly loss as markets worry about demand

The Brent crude July contract rose 74 cents to USD 81.85 a barrel as of 11:53 a.m. ET (1553 GMT). Th...

Goldman Sachs expects oil demand to keep growing until 2034

"We expect peak oil demand to occur by 2034 at 110 million bpd; subsequently, we project a moderate ...

OPEC+ discuss keeping voluntary oil cuts until year-end

The cuts include 3.66 million bpd by OPEC+ members valid through to the end of 2024, and the 2.2 mil...

OPEC+ extends major oil production cuts until 2025 to stabilise market

OPEC+ is currently implementing cuts amounting to 5.86 million bpd, representing approximately 5.7% ...

OPEC+ extends major oil production cuts until 2025 to stabilise market

OPEC+ is currently implementing cuts amounting to 5.86 million bpd, representing approximately 5.7% ...

Oil steadies as investors weigh OPEC+ output cut extension

"The communication of a surprisingly detailed default plan to unwind extra cuts makes it harder to m...

Oil falls further on worries of supply rising later in 2024

Concerns on these macroeconomic drivers from the world's top oil consumer are likely to continue to ...

India to benefit as global oil prices decline by over USD 4 a barrel

The benchmark Brent oil futures for August edged lower to USD 77.50, on Wednesday, while July crude ...