The rise is largely symbolic as some key members are unable to raise production amid the US-Israel war on Iran.

The inability of Nigeria to meet its OPEC assigned quota of 1.5 million barrels per day (mbd) has remained a major challenge ...

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 ...

Members reportedly agree a rise of 206,000 barrels a day in May, but move symbolic while strait of Hormuz is effectively closed ...

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 ...

As the war in West Asia continues to escalate, Iranian drones have struck Kuwait’s oil infrastructure, ahead of Opec + supply talks.

Oil prices rose on Friday after an unexpected fall in the May US jobless rate and Opec's decision to bring forward to Saturday discussions on whether to extend record production cuts. Brent crude ...