SINGAPORE: Oil prices slipped more than 1% on Monday after OPEC+ surprised markets by hiking output more than expected in August, raising concerns about oversupply. Brent crude futures fell 80 cents, ...

Members to raise production by 548,000 bpd in August, reversing cuts faster than expected; S&P says supply will outstrip ...

Two questions stand out after the decision by OPEC+ to accelerate increases in crude oil output: who is going to buy the ...

Eight members of the OPEC+ alliance of oil exporting countries say they will boost production by 548,000 barrels per day in ...

The expanded output plan will add 548,000 barrels a day starting in August, with a similar increase under consideration for September. The move accelerates OPEC+’s strategy to reclaim market share, ...

Futures Movers OPEC+ plan to lift output pulls Brent oil to lowest finish since September Natural-gas futures gains 5.5% as tariff war feeds uncertainty By Myra P. Saefong Follow abd William Watts ...

MIAMI -- Tropical Storm Chantal formed off the southeast U.S. coast and was forecast Saturday to bring heavy rain to parts of the Carolinas. Tropical storm warnings were issued for portions of the two ...

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

In total, Indonesia has some 4500 idle wells with reactivation potential – 4200 of which are under Pertamina’s management. Of ...

NEW YORK (AP) — Eight members of the OPEC+ alliance of oil exporting countries say they will boost production by 548,000 ...

OPEC+ raises oil production by 548K barrels/day in August amid steady economic outlook & low inventories. Read more here.

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