The Organization of the Petroleum Exporting Countries and its allies agreed to make a larger oil output hike in May in an unexpected ... online on Thursday, eight OPEC+ countries said they will ...

Ministers of the OPEC+ oil alliance, led by Saudi Arabia and Russia, discussed production on Wednesday as another hike looms ...

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 (Reuters) - OPEC+ is likely to agree to a further accelerated oil output hike for July this week, three delegates from the group told Reuters, in the latest stage of a plan to meet ...

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 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 ...

Ministers of the OPEC+ oil alliance, led by Saudi Arabia and Russia, discussed production on Wednesday as another hike looms despite ... by sharply raising output for May and June.

Ministers of the OPEC+ oil ... output from April by 137,000 bpd and at an accelerated pace by 411,000 bpd in May and June. "There are rumours that the group will move ahead with another triple ...