Oil prices slumped on Monday after OPEC+ countries announced a production hike despite oversupply concerns and growing fears ...

Saudi Arabia has increased the price of its flagship crude grade loading for Asia in June, even as OPEC+ decided to continue ...

Wall Street is pointing toward losses in premarket trading and oil prices fell to a four-year low after OPEC+ said it plans ...

Saudi Arabia and some other members see President Trump — for now — as more invested in lower prices than in what's ...

The OPEC+ move “confirms a stark turnaround away from the production cuts that have persisted since 2022”, said a Deutsche ...

Oil prices fell more than 2 per cent on Monday after OPEC+ decided over the weekend to further speed up oil output hikes, spurring concerns about more supply coming into a market clouded by an ...

Oil prices are falling further as OPEC and its allies plan to ramp up production. That could be a bonus for the U.S. consumer as recession risks still lurk. Oil prices are sitting at around $60 a ...

Oil futures fell after OPEC+ agreed to bring back another 411,000 barrels a day of production in June, further accelerating the unwinding of cuts.

OPEC+ is implementing another aggressive supply hike. Effective in June, this increase solidifies a shift in policy.

U.S. oil prices fell to around $56 a barrel after the OPEC Plus cartel said it would bring more oil to market.

The major oil companies' results were hurt by narrow refining margins, lower oil prices and rising costs. The results were the company's first since its March capital markets day, when it said it ...