The eight OPEC+ nations on Saturday agreed to increase their crude oil production by 548,000 barrels per day starting in ...

The increase, which the group said was a response to “a steady global economic outlook,” was higher than some analysts ...

Global oil production fell by 1% in 2024 while demand continued to grow, widening the supply gap, OPEC reported.

Oil prices ticked down on Tuesday as prospects of more supply from the Organization of the Petroleum Exporting Countries and ...

Saudi Arabia, OPEC’s top oil producer, earned $179 billion in 2024, making up about a third of the group’s total revenue..

Kazakhstan’s crude oil production surged to record highs in June, openly breaching OPEC+ quotas and challenging the group's enforcement power.

The EIA revealed on Tuesday that the United States imported over 30 million barrels of crude oil from OPEC countries in May.

Despite easing supply concerns, WTI Crude Oil extended its gains. The latest recovery, which began on Tuesday, follows a 12% ...

From a technical perspective, WTI has found support near the 38.2% Fibonacci retracement of the January–April decline at ...

OPEC has agreed in principle to further accelerate its supply increases next month, delegates said, as the group led by Saudi Arabia seeks to reclaim market share.

Crude oil holds above the 200-day MA as traders await OPEC’s decision and summer demand signals. Inventory draws and China’s ...