Oil prices posted their steepest weekly loss in three months, as the market, already concerned about weakening demand, coped ...
Oil inventories and prices close to the long-term average imply ministers are likely to decide to keep output unchanged, ...
As part of their commitment to compensate for exceeding production quotas, certain OPEC+ members have submitted detailed ...
J.D. DURKIN: Alright, here's a look at what we're watching on TheStreet. The world's top 24 oil-producing nations are considering an oil output cut, according to a report from Reuters in what ...
The U.S. Federal Trade Commission (FTC) on Thursday barred former Pioneer Natural Resources CEO Scott Sheffield from joining ...
As gas prices remain flat, the group of oil-producing nations decided on Sunday to extend oil production cuts through 2024. The Organization of the Petroleum Exporting Countries (OPEC) and its ...
A US regulator on Thursday alleged a former oil chief executive tried to collude with Opec members to raise American petrol ...
If the $2.7 trillion global crude oil market were a sovereign country, it would be the world's eighth-largest economy, right after France. "Black gold" is the most-traded commodity in the world.
The Organization of Oil Exporting Countries (OPEC) Monday decided to cut their output of crude and put on sale on international markets 100,000 bpds less daily as fears of a recession keep ...
On Oct. 5, the Organization of the Petroleum Exporting Countries (OPEC) and its oil-producing allies that comprise OPEC+ announced they would be cutting oil production by two million barrels a day ...
Oil prices fell over 1 percent Monday in Asia following a decline of more than 3 percent Friday over disagreement between members of the Organization of the Petroleum Exporting Countries (OPEC ...
OPEC controls 40% of the world’s oil production and accounts for 60% of internationally traded oil. This gives the organization massive control over the international price of oil, allowing it ...