OPEC+ agreed in principle to boost oil output by 548,000 barrels per day in September, two OPEC+ sources said on Sunday as ...

U.S. light crude oil prices fell more than $1 a barrel in early trade in New York on a possible increase in production by ...

Saudi Arabia, Russia and six other key members of the OPEC+ alliance are expected to further hike oil production in a meeting ...

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

OPEC is implementing a long-term strategy to regain market share and maintain high oil prices, leveraging geopolitical ...

The group’s message from its biennial gathering in Vienna is that the “energy transition” will lean on hydrocarbons for ...

Concerns around tariffs and conflicts in the Middle East and Ukraine have taken a backseat to more fundamental factors ...

The oil market continued to edge lower yesterday, with a stronger US dollar providing some headwinds. OPEC reported no change to the supply and demand outlook in its monthly market report.

Oil prices dip as OPEC supply increases and a weak U.S. jobs report spark market concerns, while natural gas futures also ...

The OPEC Joint Ministerial Monitoring Committee (JMMC) does not have the authority to make decisions about oil production ...

Iraq's Oil Ministry announced the Baghdad International Energy Forum (Sep 6-7) will host OPEC's Secretary General and energy ...

By Colleen Howe BEIJING (Reuters) -Chinese producers of polysilicon, a building block for solar panels, are in talks to ...