Saudi Arabia and the United Arab Emirates see a chance to ratchet up production in July, the third consecutive month of ...

The world’s largest group of oil producers, OPEC+, stuck to its guns on Saturday with another big increase of 411,000 barrels ...

But “Saudi Arabia does not want to set too much of a precedent,” says a former OPEC executive. Clawing back market share will also prove hard. Oil demand is expected to jump by 1m b/d from May ...

OPEC+ pumps about half of the world's oil and includes OPEC members and allies such as Russia. Al Arabiya’s top content is selected based on the number of total views per day. Read each day’s ...

US stocks fell, with the S&P 500 down 0.3%. Oil prices surged over 4% as OPEC production rose, with the Russia-Ukraine conflict adding uncertainty to the market U.S. stocks are drifting lower and ...

The gradual increases may be paused or reversed subject to evolving market conditions', a statement posted on OPEC's website noted. Image by William_Potter via iStock A statement posted on OPEC ...

LAUNCESTON, Australia, June 2 (Reuters) - The crude oil market devotes considerable energy to what OPEC+ says, but perhaps a little less to what it actually does when it comes to the supply of the ...

Crude oil prices have been just over $60 a barrel, lower than last year. OPEC plans to increase oil production by 411,000 barrels a day in July. Michigan gas prices dropped to $3.08 a gallon ...

Prices are reacting more to fears about the impact of tariffs on the world economy than worries about OPEC policies, some analysts say. So the Saudis and their allies see a chance to rapidly open ...

HOUSTON (Reuters) -U.S. crude futures fell on Friday as traders expected OPEC+ would decide on Saturday to boost oil output for July beyond previous forecasts. Brent crude futures settled down 25 ...

Saturday's decision comes after a meeting of all OPEC ministers on Wednesday, where the alliance's collective production policy was reaffirmed. The decision is officially justified by "healthy ...