VIENNA: Saudi Arabia, Russia and six other key OPEC+ members announced on Saturday a huge increase in crude production for ...

OPEC+ announces a significant increase in oil production for July amid falling prices and geopolitical strategies, affecting ...

The alliance, which includes OPEC members and non-OPEC allies like Russia, has already hiked output by 411,000 bpd for both ...

The Organization of the Petroleum Exporting Countries and its partners, Saudi Arabia, Russia (OPEC+), have increased crude production for July. The announcement made on Saturday will produce 411,000 ...

Oil prices started 2025 strongly. The closing price of Brent, the benchmark for two thirds of the world's oil, peaked at more than $82 a barrel on January 15, while West Texas Intermediate, the gauge ...

While US imports have started to rise, shipments take much longer to reach India compared to Russia or the Middle East, ...

OPEC+ agreed to surge oil output for the third month in a row despite reservations from key member Russia, doubling down on a ...

This move aims to soften retail edible oil prices for inflation-hit consumers and encourage crude oil imports over refined ...

Among the countries that have committed to voluntary adjustments to their output plans are Russia, Saudi Arabia, Iraq, the UAE, Kazakhstan, Algeria, Oman, and Kuwait ...

Rosneft operated in the context of continuous deterioration of the macroeconomic environment, which included lower prices and wider discounts for Russia’s Urals crude oil, new sanction restrictions, ...

Crude futures settled lower as the market awaits the outcome of Saturday's OPEC+ meeting where the group is expected to decide on another large unwind of voluntary output cuts for July. A cadre of ...

Despite some bullish signals this week, the expectation that the OPEC+ group will increase output again in July dominated the ...