DUBAI - Iraq said on Friday it would cut its oil production by another 400,000 barrels per day in both August and September to compensate for its overproduction in the pa..
CAIRO - Saudi Arabia's energy minister and Iraqi counterpart stressed, in a phone call, their countries' full commitment to an OPEC+ deal curbing oil production, ..
MOSCOW - Russian oil and gas condensate output increased to 9.8 million barrels per day (bpd) on Aug. 1-2 from 9.37 million bpd in July as the country eases production cu..
MOSCOW - Russia's Energy Ministry said on Sunday that the country's oil output in July was unchanged from levels seen in June, in line with an OPEC+ agreement.
By Yuka Obayashi
TOKYO - Oil prices fell on Monday on oversupply concerns as OPEC and its allies wind back production cuts in August and a rise in worldwide COVID-19 c..
By Shu Zhang, Florence Tan and Dmitry Zhdannikov
SINGAPORE/LONDON - Rising OPEC and U.S. oil supply, coupled with stalled economic and crude demand recovery, have..
By Alex Lawler
LONDON - The coronavirus crisis may have triggered the long-anticipated tipping point in oil demand and it is focusing minds in OPEC.
The pandemic dr..
By Devika Krishna Kumar
NEW YORK - Oil prices rose 2% on Wednesday, supported by a sharp drop in U.S. crude inventories, but further gains were limited as OPEC an..
LONDON/DUBAI - OPEC and allies such as Russia meet on Wednesday to decide oil output policy from August amid broad market expectations the group will ease supply curbs as..
By Jessica Resnick-Ault
NEW YORK - Oil prices rose slightly on Tuesday as OPEC and its allies cut production by more than agreed to in June, although demand conc..
Even as the global economy goes in an unlock mode with gradual pick up in economic activity, the oil market is expected to remain subdued with expectation that crude oil ..
By Florence Tan
SINGAPORE - Oil slipped in early Asian trade on Monday as traders eyed an OPEC technical meeting this week which is expected to recommend an easing in ..
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