The Organisation of Petroleum Exporting Countries (OPEC) and its oil-exporting allies known as OPEC+ yesterday announced a two million barrel per day cut in oil production. The oil cartel also ...

Concern over peak oil prices is a thing of the past as there is more demand than the industry knows what to do with now.

Oil prices return to the frontline of commodity markets this week with the OPEC+ group meeting Wednesday to decide on the ...

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Moscow is ready to "reduce partial production at the beginning of next year ... [by] somewhere between 500,000 and 700,000 barrels per day," Novak added. That accounts for between 5 percent and 7 ...