Oil slumped again on reports of the Saudis moving to defend their market share. But lower prices may likely persist ...

OPEC+ is not planning any immediate talks around oil production cuts or increases, according to a senior Russian Government ...

OPEC published its long-term outlook for the oil market up to 2050 this week, Commerzbank’s commodity analyst Carsten Fritsch notes.

Kremlin resolves to display public solidarity with Opec and its leader Saudi Arabia that has largely overlooked ...

Expectations that the OPEC and its allies will start unwinding voluntary output curbs of 2.2 million barrels a day starting ...

A statement posted on OPEC’s website on June 2 revealed that the 38th OPEC and non-OPEC Ministerial Meeting will be held on ...

Oil steadied after a sharp two-day drop on the prospect of more supply from OPEC members Saudi Arabia and Libya.Most Read ...

The Organisation of the Petroleum Exporting Countries (OPEC) has raised its forecasts for world oil demand for the medium and long term in an annual outlook, citing growth led by India, Africa and the ...

Saudi Arabia’s move comes as oil prices are down nearly 5 per cent so far this year, amid increasing supply from other ...

Here's a look at what happened in oil markets in the week of Sept. 23-27, and what the focus will be in the days to come.

Libyan factions agreed to appoint a new central bank governor, paving the way for a resolution to a row that's slashed the ...

OPEC's latest ‘World Oil Outlook’ paints a bullish picture for oil demand through to 2050, positioning itself as a staunch defender of the idea that oil and gas will remain crucial to global energy.