World oil market to see higher surplus after OPEC+ hike, IEA says

World oil supply will rise more rapidly this year and a surplus could expand in 2026 as OPEC+ members increase output and supply from outside the group grows, the International Energy Agency said on ... Read More

OPEC sticks to oil demand forecasts, says economy doing well

OPEC made no changes on Thursday to its relatively high global oil demand growth forecasts for this year and next, and said the world economy was maintaining a solid growth trend in the second half of ... Read More

OPEC Keeps 2025 Global Oil-Demand Growth Forecast at 1.29 Mln B/D

Dow Jones Newswires is a market-moving financial and business news source, used by wealth managers, institutional investors and fintech platforms around the world to identify trading and investing ... Read More

OPEC+ meets this weekend at a precarious time for crude oil. Here’s what’s at stake.

The market has a lot to contend with as OPEC+ considers a second round of production hikes this weekend, against an economic and geopolitical backdrop that’s dimmed prospects for demand and boosted ... Read More

Oil Prices Rise After Producers Announce New Increase in Output

In a show of confidence in the market, the group, led by Saudi Arabia, said it would begin unwinding a further set of agreed cuts. Read More

How OPEC+’s battle for oil market share could hurt U.S. shale producers

The energy cartel’s latest move suggests that “defending market share now outweighs defending prices,” one economist says. Read More

Oil prices slide 2% on worries about global oversupply, US demand

Oil prices slid on Thursday, settling about 2% lower as concerns over possible softening of U.S. demand and broad oversupply offset threats to output from the conflict in the Middle East and the war ... Read More

Oil Prices Defy OPEC+ Cut Rollback, Rally on Asian Demand Signals

Oil prices rose on Monday despite OPEC+ confirming at its Sunday meeting that it will wind down more than 1 million barrels per day of extra voluntary cuts over the next two months ... Read More

OPEC+ will likely raise oil output further from October, sources say

OPEC+ will likely raise oil output on Sunday but probably add less oil from October than in recent months as global demand might be slowing with the end of the driving season, OPEC+ sources said on ... Read More