OPEC+ is considering a significant increase in oil production by 411,000 barrels at its June meeting. This marks the third ...

OPEC+ to hike output by 411,000 bpd in June, fueling bearish oil sentiment and raising fears of a looming supply surplus. Oil futures plunged early Monday as traders priced in growing inventories ...

OPEC+ shocked oil markets in April by agreeing to a bigger-than-expected output hike for May despite weak prices and slowing demand. OPEC’s de facto leader Saudi Arabia designed the move to ...

LONDON/DUBAI, May 3 (Reuters) - OPEC+ has agreed to accelerate oil production hikes for a second consecutive month, raising output in June ... take the total combined hike for April, May and ...

Oil prices slumped on Monday after eight OPEC+ members announced a sharp increase in production, while Asian stocks treaded water in thin trade with major markets closed. The output increase of ...

Oil prices had already been slumping before OPEC+ members decided to increase output - Copyright AFP Patrick T. Fallon Oil prices had already been slumping before ...

The June increase from the eight will take the total combined hike for April ... those of the Opec+ group when deciding on oil production levels. Kazakhstan's April oil output exceeded its ...

OPEC+ shocked oil markets in April by agreeing a bigger-than-expected output hike for May despite weak prices and slowing demand. Sign up here. OPEC's de facto leader Saudi Arabia designed the ...