Biden administration officials are “encouraged” by ongoing OPEC talks and have spoken with officials in Saudi Arabia and the United Arab Emirates in hopes of reaching an agreement to stem the rise in ...

Oil prices fell over 5% on Monday, set for the largest single-session decline in over six months, after President Trump noted that Iran was “seriously talking” with Washington, signaling potential ...

1143 GMT – OPEC+ is forecast to resume oil output increases after pausing hikes in the first quarter, according to Kpler’s senior crude analyst Naveen Das. The alliance is expected to unwind the ...

They have shed almost three-quarters of their value since mid-2014. Such market conditions supported an emergency meeting to review whether OPEC should change strategy, Nigerian Minister of State for ...

Oil producers’ group OPEC+ maintained its plan to keep crude output levels unchanged until March 2026 at its latest meeting on Sunday, as market fears over a potential supply glut continue to persist.