Saudi Arabia, which leads the group, appears wary of unsettling markets just before the U.S. presidential election on Tuesday ...

Oil prices opened $1 dollar higher following the weekend to trade at 73.80 a barrel when markets opened. Click to read.

Russia is “flagrantly violating” its agreements with the OPEC oil cartel by concealing the true amount of oil it is producing ...

Yet again, OPEC has postponed plans to increase oil production until at least the end of the year. That drove oil futures ...

"This delayed supply increase means that maybe the group is more willing to support prices than many believe." For its part, ...

Saudi Arabia and allied oil producing countries say they will postpone a plan to gradually increase oil output until the end ...

The OPEC bloc of oil-producing nations announced Monday that it will extend oil production cuts through the end of 2024, spurring a 2 percent increase in the price of U.S. benchmark West Texas ...

OPEC+ delayed a planned increase in oil production, causing prices to rise as analysts debate the long-term impact on the market.

Eni CEO criticizes OPEC+'s oil production management strategy, arguing it creates price volatility and discourages investment in new oil and gas production.

OPEC+ oil supply cuts and recent efforts to unwind them have increased volatility in energy markets and hampered investment in new production, the CEO of Italian energy company Eni said on Monday.

OPEC+ agreed to push back its December production increase by one month, the second delay to its plans to revive supply as ...

OPEC oil output rebounded in October from its lowest this year the previous month as Libya resolved a political crisis, a Reuters survey found, although a further Iraqi effort to meet its cuts pledged ...