The oil market is racing toward a reckoning as a Saudi-led output surge only adds to expectations of a market that will be in surplus later this year. The crucial question is when?

Oil futures rose with traders optimistic about U.S. trade talks with China while entertaining doubts about how much extra oil OPEC+ countries have put on the market since starting to unwind 2.2 ...

The OPEC+ alliance may be boosting oil-production quotas at a significant pace in a push to restart idled capacity, but that ...

(Reuters) - Goldman Sachs anticipates the eight country OPEC+ oil group will implement a final 0.41 million barrels per day ...

Market focus has shifted toward potential supply hikes from eight OPEC members that have been carrying out separate voluntary ...

April 3 (UPI) --Eight OPEC oil-producing nations Thursday agreed to boost crude oil production beginning in May. OPEC said in a statement that Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan ...

A photo of the OPEC Seminar. OPEC is an organization of 12 of the countries responsible for oil production in the world. It includes Algeria, the Republic of the Congo, Equatorial Guinea ...

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 U.S. Energy Information Administration forecasts non-OPEC crude oil production to increase by 1.8 million barrels per day this year. OPEC+ has maintained output cuts for three years ...

Donald Trump called on OPEC to lower the cost of oil during his speech at Davos. But lower crude prices could hurt US producers, cutting into profitability. OPEC has been holding off increasing ...

OPEC's extended production cuts and reduced non-OPEC growth will create a reliance on OPEC barrels, giving them leverage to set higher oil prices. Despite current low WTI prices, we anticipate a ...