New York, Aug 1 (AP) Exxon Mobil's second-quarter profit dropped to the lowest level in four years and sales fell as oil prices slumped with OPEC ramping up production.

HOUSTON -Oil prices fell more than $2 a barrel on Friday morning on jitters about a possible increase in production by OPEC and its allies, while weaker-than-expected U.S. jobs report fed worries ...

Eight OPEC+ members will likely approve another oil output hike on Sunday, sources said, with the group still debating the ...

Saul Kavonic from MST Marquee discusses how OPEC+'s decision to either maintain market discipline or pursue market share could determine whether Brent crude stays supported above $70 or slips into a ...

Chevron has been granted a restricted U.S. license to operate in sanctioned Venezuela, three sources close to the decision ...

The oil cartel - which produces 40 percent of the world’s total oil output - agreed to further increase output in August.

The oil price swings after the June 2025 bombing of Iran’s nuclear facilities are a stark reminder that volatility is not a ...

Concerns around tariffs and conflicts in the Middle East and Ukraine have taken a backseat to more fundamental factors ...

With a record of 104%, Nigeria exceeded the Organisation of Petroleum Exporting Countries (OPEC) crude oil production quota in June 2025 by .four percent. In the month under review, the country ...

CNBC's Dan Murphy goes behind the scenes at OPEC HQ in Vienna, Austria and speaks with Secretary-General Haitham Al-Ghais.

OPEC ministers, top energy firm CEOs and oil and gas analysts and traders gathered for the OPEC Seminar in Vienna this week. Here’s what you missed.