A statement posted on OPEC’s website last week highlighted that the “landmark” Declaration of Cooperation (DoC) between OPEC ...

Opec+ agreed to leave oil output levels unchanged for the first quarter of 2026 at its meetings yesterday as the group slows down its push to regain market share amid fears of a looming supply glut.

OPEC+ left early-2025 production targets unchanged but approved a major new mechanism to reassess each member’s maximum ...

Crude prices appear to be consolidating around the $65 per barrel level as markets await the upcoming OPEC+ meeting, Ole R. Hvalbye, a commodities analyst at Skandinaviska Enskilda Banken AB (SEB), ...

1517 ET – Oil futures settle lower with expectations of further OPEC+ production increases in July outweighing the easing of trade tensions between the U.S. and the EU, which lifted equities. “Despite ...

1532 ET – Crude futures post back-to-back weekly losses as the market awaits the outcome of the OPEC+ weekend meeting where the producer group will decide on output levels for June, with many ...

A contentious meeting of oil ministers ended Wednesday with a clear message: Don't count on OPEC to do much about oil prices. The 12-nation group decided not to boost production, which likely would ...