The trading slump may be confined to Shell, the biggest European energy company, but it could also be indicative of ...

OPEC+ oil producers are set to approve another big output boost for September as they complete both the unwinding of ...

OPEC+ jolted markets by announcing it would flood the market with more oil.

Oil on Monday shrugged off the impact of OPEC+ hiking output more than expected for August as well as concern about the ...

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

Despite concerns over excess supply, oil prices overturned declines from earlier in Monday’s session, as downside risks appeared contained.

Crude oil futures were lower and OCBC said prices were expected to face further downward pressure in 2H following OPEC+’s announcement to quicken supply hikes.

OPEC+ is accelerating its oil production increases, aiming to fully unwind its 2023 supply cuts by September, risking an oversupplied market and pressuring U.S. shale producers.

However, the reality may not be quite as rosy as OPEC paints, with tepid demand growth in major consumers such as China, the world's top oil importer. China's crude imports barely rose in the first ...

OPEC oil output rose in June, a Reuters survey found, led by Saudi Arabia after an OPEC+ agreement to raise production, ...

Another assignment that is much more definitive: the OPEC Seminar. The circus rolls back into Vienna as the oil producers' ...

Oil on Monday shrugged off the impact of OPEC+ hiking output more than expected for August as well as concern about the ...