Crude futures extended gains, while OPEC+ is expected to halt further increases in oil supply from August as a slowdown in economic activity and weakening oil demand become more evident.

OPEC+ will accelerate oil output hikes and could bring back to the market as much as 2.2 million barrels per day by November, five OPEC+ sources said as the group’s leader Saudi Arabia seeks ...

The hikes also follow calls from Trump on OPEC+ to raise output ... Shell faces delays on two wells at offshore Perdido development in US Gulf 4:42 PM UTC Energycategory US oil and gas rig ...

Oil prices slumped on Monday after OPEC+ countries announced a sharp production increase despite oversupply concerns and ...

On Saturday, OPEC+ agreed to further speed up oil production hikes for a second consecutive month, raising output in June by 411,000 barrels per day (bpd). Oil ends at four-year lows as OPEC+ ...

0838 GMT – OPEC+ is largely expected to accelerate oil output hikes for a second consecutive month in June, but the effect on prices will likely depend on the scale of the hike and the group’s ...

JPMorgan also raised its global recession odds to 60% for the year, while S&P Global warned that oil demand growth could drop by as much as 500,000 bpd. OPEC+ justified the output hike by citing ...

Oil prices slumped after the Organization of the Petroleum Exporting Countries and its allies agreed to a larger output hike for a second straight month despite weak prices and an uncertain demand ...

LONDON (Reuters) -Several OPEC+ members will suggest the group accelerates oil output hikes in June for a second consecutive month, three sources familiar with OPEC+ talks told Reuters ...

OPEC+ will accelerate oil output hikes and could bring back to the market as much as 2.2 million barrels per day by November, ...

LONDON/MOSCOW (Reuters) -OPEC+ will accelerate oil output hikes and could bring back to the market as much as 2.2 million barrels per day by November, five OPEC+ sources said as the group's leader ...