By Stanley Reed Reporting from London Oil ... OPEC Plus said they would add about 411,000 barrels of oil a day in June. The move, which follows a similar step by the group to increase oil ...

1513 ET – Crude futures slide after OPEC+ agrees to raise output by 411,000 barrels a day in June, speeding up the gradual return of 2.2 million barrels a day in voluntary production cuts.

U.S. crude oil and condensate production is anticipated to expand by 130,000 bpd this year, and by just 44,000 bpd year-over-year in 2026, according to OPEC’s estimates. The cartel expects ...

The leaders of OPEC Plus appear to be making a calculated decision to raise production even if that reduces prices — and, thus, how much money they make from selling oil — for geopolitical ...

Based on the OPEC+ actions, Morgan said it believes the group may unwind production cuts faster ... slows, or OPEC returns to supply restraints. This content was created by Oil Price Information ...

OPEC on Wednesday trimmed its forecast for growth in oil supply from the United States and other producers outside the wider ...

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

Oil prices slumped again Monday ... announcements of layoffs or production cuts could be coming soon. “I don’t like to prejudge whether that’s going to happen, and I don’t like to be ...

Crude oil futures have ... countries will implement a production adjustment of 411 thousand barrels per day in June 2025 from May 2025 required production level," OPEC said in a statement.

Crude oil was down 4% Sunday night, as OPEC once again announced a production increase, a move by OPEC that will eventually help US inflation, and give the Fed another reason to lower the fed funds ...