Growing security risks threaten to undermine a recent recovery in regional crude exports, keeping the supply outlook ...

By Ahmad Ghaddar, Alex Lawler and Olesya Astakhova LONDON/MOSCOW, Oct 4 (Reuters) - OPEC+ has agreed in principle to keep oil production targets steady for November, three sources close to the matter ...

BEIRUT — The United Arab Emirates announced Tuesday that it would exit the Organization of the Petroleum Exporting Countries, or OPEC, along with the wider group of partners known as OPEC+, effective ...

Add Yahoo as a preferred source to see more of our stories on Google. FILE PHOTO: An installation depicting barrel of oil with the logo of Organization of the Petroleum Exporting Countries (OPEC) is ...

According to a Reuters report, the move gives the group greater leverage near the Bab el-Mandeb Strait, a crucial route connecting the Red Sea with the Gulf of Aden.

A fresh oil production hike by OPEC+ has sent yet another clear signal to the international crude market that its focus remains firmly on a higher market share. At their meeting on Sunday, eight ...

U.S. and international crude oil futures skidded to their lowest levels in more than a year after the influential oil ...

OPEC is pursuing a long-term strategy to increase its market share and is unwinding production cuts, with oil prices remaining strong due to factors beyond OPEC's direct control. The rise in oil ...

Explore how oil price fluctuations impact global economies, affecting consumer budgets, corporate earnings, and national GDP.

LONDON (Reuters) -The world oil market will see a small surplus in 2026 after OPEC+ production increases and higher supply from other producers, an OPEC report showed on Wednesday, a further shift ...

The decision on Sunday by the cartel of oil-producing nations and some of its allies came after the resumption of U.S. and Iranian military strikes in the Persian Gulf. By Lisa Friedman Reporting from ...