Compensation cuts from OPEC+ members exceeding oil output quotas aren’t expected to outweigh the group’s planned production increase, according to BNP Paribas.

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Russia’s central bank has warned the Kremlin’s policy makers the United States and OPEC have the capacity to flood the oil market and cause a repeat of the prolonged price collapse of the 1980s – ...

The oil fundamentals have swiftly moved into bullish zone amid fear of sanction on Iran and Venezuela getting stricter from ...

Kyiv. Three people, including a 5-year-old child, were killed in a massive drone attack by Russian forces on Ukraine’s ...

Oil vigilantes ... is a concept suggesting that when challenges arise and oil prices plummet, the OPEC alliance will ...

Despite this, expectations of tighter supply rose due to new U.S. sanctions on Iran and OPEC+'s rigorous output plan.

THE possibility of a Russia-Ukraine ceasefire, the move by OPEC+ to boost output, and the threat of tariffs on key economies ...

Crude oil prices surged last week, marking their biggest weekly gain since early January, driven by fears of supply tightness ...

OPEC+ has been cutting output by 5.85 million barrels per day, equal to about 5.7% of global supply, agreed in a series of ...

Oil prices remained stable on Monday as investors evaluated the potential impact of ceasefire talks between Russia and ...