The Chamber of Bulk Oil Distributors (CBOD), in its latest Market Outlook for the May 1–15, 2025 pricing window, highlights ...

OPEC+ output hike drives bearish crude oil outlook as demand concerns and rising inventories weigh on oil prices and futures ...

Energy shares declined in pre-market trade on Monday after The Organization of the Petroleum Exporting Countries and its ...

Oil prices on the New York exchange fell following the decision by the OPEC+ oil cartel to increase crude supply. This ...

OPEC+ is implementing another aggressive supply hike. Effective in June, this increase solidifies a shift in policy.

Oil prices fell more than 2 per cent on Monday after OPEC+ decided over the weekend to further speed up oil output hikes, ...

A bold Saudi-led move to reorder the global oil market with an aggressive ramp-up of OPEC+ supply is forcing Wall Street ...

But the early-stage discussions have stalled as Saudi negotiators push to supply half of the crude needed by the processors ...

Brent crude futures dropped 3.61 per cent, to $59.08 a barrel, while US West Texas Intermediate crude was at $56.00 a barrel, down by 3.93 per cent ...

Prices plunged after OPEC and its allies agreed to increase output again, despite weak prices and an uncertain demand outlook ...