This move aims to compensate for pumping above agreed levels, with monthly reductions ranging from 189,000bpd to 435,000bpd.

Oil prices rose in early Asian trading Friday, heading for a second straight week of gains as fresh U.S. sanctions on Iran ...

Crude oil prices are set for another weekly gain, driven by new U.S. sanctions on Iran's energy industry and OPEC+ efforts to ...

OPEC+ on Thursday issued a new schedule for seven member nations to make further oil output cuts to compensate for pumping ...

Saudi Arabia is cutting oil prices for buyers in Asia, its largest market, as Opec+ begins to ease restrictions on production. State producer Saudi Aramco will lower the price for its Arab Light crude ...

Downside risks on demand will likely be greater than supply side risks at this point with the additional oil coming from OPEC, said Scott Shelton, energy analyst at TP ICAP. “Spare capacity can offset ...

Downside risks on demand will likely be greater than supply-side risks at this point with the additional oil coming from Opec, said Scott Shelton, energy analyst at TP ICAP. “Spare capacity can offset ...

“Opec wants to test whether the market can sustain higher supply,” he said in a note. But he added that none of the recent US economic data releases were supportive for oil demand. As well as ...

The Rivers Restoration Movement (RRM) has demanded the arrest of prominent Ijaw leaders over alleged threats to disrupt oil production if the State Governor, Siminalayi Fubara, is impeached.

The rise in Nigerian oil production and an increase in Iran’s output despite U.S. attempts to curb Iranian flows pushed up the total OPEC production in February, according to the Reuters survey.

Output target as announced by the countries making voluntary cuts, or as announced by OPEC. Excludes Iraq compensation plan for ... Venezuelan data includes upgraded synthetic oil. Nigerian crude ...

Oil prices extended losses on Tuesday after reports of OPEC+ plans to proceed with output increase in April while further price pressure was applied by US tariffs on Canada, Mexico and China as ...