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 ...

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 ...

A group of eight major oil producers - Saudi Arabia, Russia, the United Arab Emirates, Kuwait, Oman, Iraq, Kazakhstan and Algeria - decided on Saturday to increase joint production by 548,000 barrels ...

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, ...

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

Oil reversed an early drop on Monday despite a larger-than-expected supply increase by OPEC+ for August that was announced at ...

Oil demand is expected to decline alongside slowing global growth, with China and Saudi Arabia—two of the world’s biggest oil ...