Saudi Arabia, Russia and six other key members of the OPEC+ alliance are expected to agree to further hike oil production in a virtual meeting Sunday, as the group continues to seek greater market ...

On Sunday, OPEC+ agreed to raise oil output by 137,000 barrels per day (bpd) from November. The increase is equal to the one adopted in October, with markets seeing it as a cautious step amid ...

Prices for U.S. benchmark West Texas Intermediate crude slumped last week on oversupply fears. OPEC+ on Sunday agreed to increase crude production in November by another 137,000 barrels a day, despite ...

HOUSTON (Reuters) -Oil prices steadied on Tuesday as investors weighed a smaller-than-expected increase to OPEC+ output in November against signs of a potential supply glut. Brent crude futures ...

Oil rose after OPEC+ agreed to raise production by a modest amount, staving off traders' fears of a super-sized increase. West Texas Intermediate topped $61 a barrel, following a 7.4% slump last week.

ICE Brent was trading above $65/bbl while NYMEX WTI was seen approaching $62/bbl this morning, amid a modest OPEC+ production increase for November and higher geopolitical risks. Recent reports ...

Oil futures climbed about 1.5% on Monday after OPEC+ opted for a modest production hike, easing market fears over a potentially larger supply boost. The Organization of the Petroleum Exporting ...

Morgan Stanley raised its near-term forecast for crude oil prices following OPEC+’s decision to pause production hikes. The Wall Street bank said on Monday it was lifting its Brent estimate to $60 a ...

LONDON/MOSCOW/DUBAI, June 27 (Reuters) - The world's largest group of oil producers, OPEC+, is set to announce another big increase of 411,000 barrels per day in production for August as it looks to ...

Oil prices have spiked for a second day in a row after Donald Trump hit Russian giants with sanctions - Copyright AFP Frederic J. BROWN Oil prices have spiked for a ...