As OPEC+ debated whether to keep oil output steady due to weak global demand or pump more in response to internal pressure ...

In a separate market analysis sent to Rigzone today, Rania Gule, Senior Market Analyst at XS.com - MENA, said, “this move by ...

The euro strengthened and European stocks rose on Monday after European leaders agreed to draw up a Ukraine peace plan, while ...

The meeting involved eight OPEC+ countries that previously announced additional voluntary adjustments in April and November ...

This gradual increase may be paused or reversed subject to market conditions', a statement posted on OPEC's site noted.

OPEC+ decided to increase oil output for the first time since 2022, influenced by record production in Kazakhstan. The ...

OPEC+ has once again confounded expectations. Traders and analysts at a London industry event last week were nearly unanimous ...

Eight OPEC countries, including Saudi Arabia and Russia, solidify their commitment to oil market stability. They confirmed ...

OPEC and its allies are once again faced with a difficult choice next week--extend production cuts or increase its own market ...

Kazakhstan intends to compensate for the overproduction of oil ahead of schedule from January 2024 within the OPEC+ deal, the press service of the country's Energy Ministry said. "Kazakhstan will take ...

Crude and condensate production rose 13% in February to 2.12M bpd, driven by the Tengiz field expansion despite OPEC+ curbs.

Is OPEC's iron grip on the oil markets a thing of the past? Events over the last 24 hours suggest power in the oil market has ...