Output increases from oil producer group OPEC+ are not leading to higher inventories, showing that markets are thirsty for ...

Over the weekend, the group announced a larger-than-expected hike of 548,000 bpd for August, the fourth consecutive monthly ...

Markets are thirsty for oil because they are absorbing Opec+ production increases without building inventories, United Arab ...

Standard Chartered has shot down a rising Wall Street narrative that global oil markets are sitting on a hidden cushion of ...

OPEC+ shocked markets with surprise production increases starting August, potentially delivering relief to American drivers ...

Oil prices slipped on Wednesday as investors weighed a surprise build in U.S. crude stocks last week against attacks on ...

Ministers and executives from OPEC nations, along with bosses of Western oil majors, stated on Wednesday that increased ...

The oil market needed the latest super-sized supply increase that OPEC+ announced at the weekend, the United Arab Emirates energy minister said, offering one of the first public justifications for the ...

Growing supply from the OPEC+ group, although not as high as the monthly headline figures suggest, is set to create an ...

Kuwait Petroleum Corp. Chief Executive Officer Sheikh Nawaf Al-Sabah says the latest oil supply hike from OPEC+ as well as ...

Here’s why oil prices are climbing to their highest levels in two weeks, despite a group of oil producers agreeing to open ...

Oil prices are expected to fall in the coming autumn months due to the emerging oversupply, according to experts.