OPEC+ members are currently cutting output by a total of around ... to diversify the economy beyond oil and gas. Market watchers say a delay to production hike plans will allow the group to ...

Oil prices gained more than 2% after OPEC and its allies pushed back a planned production increase by a month, signaling caution amid widespread concerns over weaker global demand and lower prices ...

LONDON/MOSCOW/DUBAI (Reuters) -OPEC+ ... (output hike) since June but they are still delaying," said Bjarne Schieldrop, chief commodities analyst at SEB. "This means there is no upside to the oil ...

The decision by OPEC+ to delay its planned output hike sent oil prices climbing rapidly on Monday morning, just as its announcement of the original output hike plan sent prices falling.

(Reuters) -Oil prices climbed nearly 3% on Monday on OPEC+'s decision for a month's delay in plans to increase output, while investors also focused on the U.S. presidential election. Brent futures ...

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 ...

The Organization of the Petroleum Exporting Countries and its allies will further push back an oil-production increase planned for January by three months amid softer prices and market concerns of ...

OPEC+ on Thursday pushed back the start of oil output rises by three months until April and extended the full unwinding of cuts by a year until the end of 2026 due to weak demand and booming ...

--Brent crude oil is up 2.3% to $74.77 a barrel. --European benchmark gas is up 2.6% to 40.17 euros a megawatt-hour. --Gold futures are up 0.2% to $2,755.10 a troy ounce. --LME three-month copper ...