OPEC+ on Thursday issued a new schedule for seven member nations to make further oil output cuts to compensate for pumping ...

This move aims to compensate for pumping above agreed levels, with monthly reductions ranging from 189,000bpd to 435,000bpd.

The Organization of the Petroleum Exporting Countries and other major producers including Russia, an alliance known as OPEC+, is scheduled to gradually start unwinding years of deep production ...

Crude oil futures posted their second straight weekly gain, boosted by bullish geopolitical developments, while OPEC+ sent ...

Oil futures settled lower Tuesday, with global benchmark prices ending their lowest since November, a day after the Organization of the Petroleum Exporting Countries and its allies said they would ...

MOSCOW (Reuters) - OPEC+ producers are not considering delaying a series of monthly oil supply increases that is scheduled to begin in April, Russian Deputy Prime Minister Alexander Novak said on ...

Kazakhstan produced nearly 300,000 barrels above its Opec+ commitment in February. With the nation's production capacity ...

Oil prices posted a gain to close the week but continue to be weighed down by the bearish results of OPEC+ production increases and demand weakness worries. West Texas Intermediate fell three of ...

DUBAI/MOSCOW/LONDON (Reuters) - As OPEC+ debated whether to keep oil output steady due to weak global demand or pump more in response to internal pressure and a call from U.S. President Donald ...

Brazil’s government on Tuesday gave the nation the OK to join the Organization of the Petroleum Exporting Countries (OPEC+), highlighting the South American country’s growing status as a major ...