World oil supply will rise more rapidly than expected this year and next as OPEC+ members further increase output and supply from outside the group grows, the International Energy Agency said this ...

Bank of America said Thursday it expects Brent crude prices will drop below $60/bbl in this year's H2, as rising production by OPEC+ will increase the crude oil market surplus. BofA forecasts an ...

BofA said, however, Brent oil price could rebound above $70/bbl by the summer of 2026 due to a combination of easier global monetary policy, a weaker dollar, more disciplined OPEC+ production and ...

OPEC+ producers raised their combined crude oil production in July by less than planned, with Saudi Arabia's supply data ...

OPEC+ curtailed production for several years to support the market. It reversed course this year to regain market share.

OPEC+ members have agreed to a second consecutive production increase this year, effectively ending voluntary cuts on ...

OPEC+ members have agreed in principle to make another bumper oil production increase of about 548,000 barrels a day for ...

A group of countries that are part of the oil cartel OPEC+ have agreed to boost oil production, which some believe could ...

Russia plans to spread out the pending oil output cuts needed to offset exceeding its OPEC+ quota by three months, Bloomberg reported, citing an updat ...

Crude oil futures plunged over 5% this week as bearish fundamentals—including rising OPEC+ output, weak exports, and fading ...

Oil futures are under pressure after OPEC+ — made up of the Organization of the Petroleum Exporting Countries and its allies ...

The Organization of the Petroleum Exporting Countries and its allies agreed to boost output again next month by larger than ...