OPEC has agreed in principle to further accelerate its supply increases next month, delegates said, as the group led by Saudi Arabia seeks to reclaim market share.

The eight OPEC+ nations on Saturday agreed to increase their crude oil production by 548,000 barrels per day starting in ...

OPEC+ raises oil production by 548K barrels/day in August amid steady economic outlook & low inventories. Read more here.

OPEC+ accelerates oil production to capitalize on summer demand, raising questions about long-term strategy and market share.

The increase, which the group said was a response to “a steady global economic outlook,” was higher than some analysts ...

Eight OPEC producers agreed to lift crude output by 548,000 barrels per day in August, exceeding the anticipated 411,000 ...

More companies, governmental entities and regular people have been joining a class-action lawsuit in federal court involving allegations that some of the country’s largest oil producers have colluded ...

Saudi Arabia, Russia and six other key members of the OPEC+ alliance will discuss crude production on Saturday, with analysts ...

U.S. crude oil inventories rose for the first time in six weeks as imports rose and exports dropped, according to data released by the U.S. Energy Information Administration. Gasoline inventories rose ...

The NYMEX August West Texas Intermediate contract was down by 53cts to $66.92/bbl and September WTI was off by 51cts to $65.50/bbl. Both the September and October Brent crude contracts were 47cts ...