Prices plunged after OPEC and its allies agreed to increase output again, despite weak prices and an uncertain demand outlook ...

U.S. oil prices fell to around $56 a barrel after the OPEC Plus cartel said it would bring more oil to market.

After more than a week of oil shooting vertically out of an unused well off the coast of Louisiana, the U.S. Coast Guard ...

Saudi Arabia's non-oil private sector activity expansion slowed in April as growth in new orders decelerated sharply, even as ...

Growth in the UAE's non-oil private sector held steady in April, while employment rose at the fastest pace in 11 months as ...

Oil buckled after OPEC+ agreed to another bumper output increase, bolstering global supplies at a time when demand is ...

OPEC+ has agreed to surge production by 411,000 barrels per day in June. Oil prices in April posted the biggest monthly loss ...

By Olesya Astakhova and Ahmad Ghaddar LONDON/MOSCOW (Reuters) -OPEC+ plans to further accelerate oil output hikes and could ...

The group agreed to raise output in June, a sign that Saudi Arabia and its allies appear to be weary of cutting output and ...

OPEC+ shocked the market earlier this month with plans to ramp up crude output, leading oil prices to post their worst ...

Chevron also reported its lowest first-quarter profits in years, with per-share adjusted profit falling to $2.18 per share on ...

The Biden policy, which was finalized last year by the Interior's Bureau of Ocean Energy Management, required companies ...