The reduction comes despite OPEC+, which comprises OPEC and its allies including Russia, beginning in April to unwind its ...

Until recently OPEC + was showing restraint. Strict quotas, cutting the group’s production by nearly 6m b/d, were introduced ...

Muhammad bin Salman, the crown prince and de facto ruler, often known as MBS, has been trying for a decade to ease Saudi ...

Kazakhstan has no plans to reduce its record-high crude and condensate output in May, further straining the OPEC+ alliance by ...

Demand concerns induced by tariff uncertainty have only been compounded by a shift in OPEC+ policy. Click to read.

Oil prices may have no relief from further downside in the second half of 2025 with increased supply from the OPEC+ flooding ...

Markets should prepare for a sharp downturn in the oil price, analysts with a satellite oil-tracking firm write in a guest ...

TOKYO (Reuters) - Oil prices steadied on Thursday after falling more than $1 in the previous session as uncertainty over the ...

It is very easy to fall for the temptation of layering various types of conspiracy theories together as explanations of ...

Phillips 66 shares have underperformed, losing about 25% over the past year, due to weak refining margins and macroeconomic ...

The oil market appears to be telling Saudi Arabia that its shift to pumping more oil after five years of cutting output was ...

Oil prices rose around 3% on Thursday, buoyed by hopes of a breakthrough in looming trade talks between the U.S. and China, ...