OPEC+ members, including Saudi Arabia and Russia, have agreed to increase oil production by 548,000 barrels per day starting in August.

The moderation in prices comes after Trump issued formal notifications to several trading partners that significantly higher ...

The move follows a series of production boosts initiated in April 2025 and comes amidst pressures to meet global demand and ...

Saudi Arabia's drive to rapidly increase OPEC+ oil output may put Riyadh in the pole position to regain market share today ...

Oil prices edged downward in early trading across Asia on Tuesday, as investors absorbed growing geopolitical tensions triggered by new U.S. trade tariffs alongside concerns about rising global oil ...

TEHRAN - Iran has become the second-largest oil refiner among OPEC member states, with a daily refining capacity of 2.237 million barrels — accounting for 16 percent of OPEC’s total and 2.1 percent of ...

Oil closed higher on Monday after sliding at the open following a decision by OPEC+ to boost output more than expected in ...

Oil prices fell as Trump renewed tariff threats and OPEC+ production increases stirred demand uncertainty and supply concerns ...

Saudi Arabia’s crude exports and production rose sharply in April as OPEC+ accelerated plans to unwind its oil output cuts, ...

Oil prices eased on Tuesday after rising almost 2% in the previous session, as investors assessed new developments on U.S. tariffs and a higher-than-expected OPEC+ output hike for August.

The heavily sanctioned and militarily targeted producer of crude has missed its targets throughout much of 2025, Bloomberg ...