OPEC+ ministers from eight nations that are gradually raising oil output will meet online on Thursday and are likely to approve a further hike in production from May, sources from the producer group told Reuters.

The Organization of Petroleum Exporting Countries (OPEC) reduced its crude oil production in March, ahead of its planned production increase for May

It’s been a month since OPEC+ said it will go ahead and gradually unwind its voluntary production cuts starting on April 1, but threats to global supplies have helped prices recover their losses in March.

Still, given that OPEC economies are highly dependent on crude revenue ... Yet, pressure from Washington could have played into Monday's announcement. Through an executive order, Trump is seeking "maximum pressure on Iran," which includes reducing the ...

NuVista Energy is attractive thanks to sector-leading production growth, a pristine balance sheet, and cheap valuation despite a weak oil market outlook.

The purpose of OPEC is to “coordinate and unify the petroleum policies of its Member Countries and ensure the stabilization of oil markets in order to secure an efficient, economic and regular ...

The international benchmark fell to its lowest point since 2021 after a decision by Saudi Arabia and other producers to pump more crude surprised the markets. Source: FactSet By The New York Times ...