OPEC oil output rose in June, a Reuters survey found, led by Saudi Arabia after an OPEC+ agreement to raise production, although the increase was limited as Iraq pumped below target to compensate for ...

OPEC+ may bring its meeting forward to Saturday to approve another oil production hike, though actual supply increases remain ...

Eight OPEC+ countries are likely to make another accelerated oil output increase for August at a meeting on Saturday, sources ...

Oil prices held steady in cautious trade ahead of this week's key OPEC+ meeting. WTI crude hovered near $67.07, up just 0.1%, within a tight range, while MCX July crude was flat ...

Oil was trading slightly lower ahead of an OPEC+ meeting on July 6 that is set to deliver another oversized production hike.

Global oil production fell by 1% in 2024 while demand continued to grow, widening the supply gap, OPEC reported.

VIENNA -- The Organization of the Petroleum Exporting Countries (OPEC) launched the 2025 edition of its Annual Statistical ...

If approved, this would bring OPEC+'s total supply increase for the year to 1.78 million bpd, equivalent to more than 1.5% of ...

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

Oil prices dipped on Thursday as analysts weighed the implications of the U.S. tariffs set to be imposed only July 9, as well as the likelihood of the Organization of the Petroleum Exporting Countries ...

The Organisation of the Petroleum Exporting Countries (OPEC) has projected a potential shortfall of 23 million barrels per day (bpd) ...

The EIA revealed on Tuesday that the United States imported over 30 million barrels of crude oil from OPEC countries in May.