The last oil price war has indebted, but not reduced U.S. shale production, while costing OPEC members $450 billion in lost revenues.

OPEC noted in its statement that the decision comes after an initial announcement made by Alexandre Silveira, Minister of Mines and Energy of Brazil, at the 36th OPEC and non-OPEC Ministerial ...

The international benchmark fell to its lowest point since 2021 after a decision by Saudi Arabia and other producers to pump ...

Here is a look at Wednesday’s business headlines with Jeff Vaughn, where he discusses Nike launching its new blue suede shoes and gas prices falling. BlackRock to acquire two ports serving Panama ...

Members of OPEC+ are planning to gradually unwind production curbs in April, which would add supply and could lead to lower prices.

Is the Organisation of the Petroleum Exporting Countries' (Opec) iron grip on the oil markets a thing of the past?

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Oil stocks fell as OPEC and its allies signaled plans to increase production next month, raising oversupply concerns. Oil demand is rising too slowly to absorb the expected supply increase, posing a ...

Oil prices suddenly broke out of a months-long slumber this week to touch a three-year low. Now, traders are grappling with ...

According to OPEC’s announcement, the global oil cartel is due to begin a “gradual and flexible” increase of voluntary production caps in April, but with the caveat attached that this move ...

The AUD traded down in overnight trade by -0.82% as a risk-off tone gripped US markets again, with US Treasury yields falling. The 10yr note dropped to an overnight low of 4.17% at one stage before ...