World oil supply will rise more rapidly than expected this year and next as OPEC+ members further increase output and supply ...

Bank of America said Thursday it expects Brent crude prices will drop below $60/bbl in this year's H2, as rising production by OPEC+ will increase the crude oil market surplus. BofA forecasts an ...

OPEC+ curtailed production for several years to support the market. It reversed course this year to regain market share.

OPEC+ members have agreed to a second consecutive production increase this year, effectively ending voluntary cuts on ...

BofA said, however, Brent oil price could rebound above $70/bbl by the summer of 2026 due to a combination of easier global monetary policy, a weaker dollar, more disciplined OPEC+ production and ...

ASTANA – Kazakhstan produced an average of 1.827 million barrels of oil per day in July, down 36,000 barrels from June, ...

OPEC+ producers raised their combined crude oil production in July by less than planned, with Saudi Arabia's supply data ...

OPEC+ members have agreed in principle to make another bumper oil production increase of about 548,000 barrels a day for ...

Oil prices slipped in early Asian trade on Monday after OPEC+ agreed to another large production hike in September. Brent ...

Crude oil futures plunged over 5% this week as bearish fundamentals—including rising OPEC+ output, weak exports, and fading ...

The Organization of the Petroleum Exporting Countries and its allies agreed to boost output again next month by larger than ...

Oil futures are under pressure after OPEC+ — made up of the Organization of the Petroleum Exporting Countries and its allies ...