Crude futures extended gains, while OPEC+ is expected to halt further increases in oil supply from August as a slowdown in economic activity and weakening oil demand become more evident.

OPEC+ will accelerate oil output hikes and could bring back to the market as much as 2.2 million barrels per day by November, five OPEC+ sources said as the group’s leader Saudi Arabia seeks ...

OPEC+ has agreed to accelerate oil production hikes for a second consecutive month, raising output in June by 411,000 barrels ...

Oil prices slumped after the Organization of the Petroleum Exporting Countries and its allies agreed to a larger output hike for a second straight month despite weak prices and an uncertain demand ...

Oil prices slumped on Monday after OPEC+ countries announced a sharp production increase despite oversupply concerns and ...

Kazakhstan, one of the biggest overproducers under the agreement alongside OPEC’s second-largest producer, Iraq, plans to keep its crude oil and ... The second OPEC+ output hike in as many ...

JPMorgan also raised its global recession odds to 60% for the year, while S&P Global warned that oil demand growth could drop by as much as 500,000 bpd. OPEC+ justified the output hike by citing ...

LONDON (Reuters) -Several OPEC+ members will suggest the group accelerates oil output hikes in June for a second consecutive month, three sources familiar with OPEC+ talks told Reuters ...

On Saturday, OPEC+ agreed to further speed up oil production hikes for a second consecutive month, raising output in June by 411,000 barrels per day (bpd). Oil ends at four-year lows as OPEC+ ...

LONDON/MOSCOW, May 4 (Reuters) - OPEC+ will accelerate oil output hikes and could bring back to the market as much as 2.2 million barrels per day by November, five OPEC+ sources said as the group ...

LONDON (Reuters) -OPEC+ plans to further accelerate oil output hikes and possibly unwind 2.2 million barrel per day of ...