Seven OPEC Plus members say they will boost crude oil output next month. The major oil producers, including Saudi Arabia and Russia, held a virtual meeting on Sunday. The United Arab Emirates, which ...

The United Arab Emirates’ departure from OPEC marks a significant moment for the producer group but is unlikely to fundamentally change energy market dynamics in the near term, according to Helima ...

Saudi Arabia, Russia and six other members of Opec+ on Sunday decided to raise their production quotas by 137,000 barrels per day in November, as they continue to push for greater market share. "In ...

OPEC oil output in May plummeted to its lowest in over two decades, dropping by 1.06 million barrels per day. This ...

U.S. shale production likely peaked by 2025, according to the report (Source changed on OPEC website paragraph 3). LONDON, 18 ...