Saudi Arabia had its own big increase last week while prices in the United Arab Emirates rose to the highest since September. Russia is facing an impending oil tanker shortage and Iran is under ...

OPEC Heavyweights Boost Oil Prices as Sanctions Hit Russian Flow Nations look to make most of Russia and Iran disruption risks Saudi, Iraq have raised prices for their main market for March ...

Oil prices retain strength despite OPEC cutting demand forecasts By ... This move higher came as Russia announced that it would cut oil supply by 500Mbbls/d from March as a response to ...

OPEC+, which groups OPEC and allies such as Russia, has implemented a series of output cuts since late 2022 to support the market. Its current plan calls for oil output to be gradually increased ...

This is what we will keep doing.” President Donald Trump has called on OPEC to start unwinding its production cuts in order to bring down global oil prices and hasten the end of the Ukraine war.

OPEC is a grouping of about a dozen oil-producing countries led by Saudi Arabia. About nine years ago, it formed an alliance with Russia and nearly a dozen more countries to form OPEC+ and coordinates ...

Russia is fully complying with its oil production quota under the OPEC+ output deal in January and February, Russian Deputy Prime Minister Alexander Novak said on Wednesday. Moscow classified oil ...

The real-time price of Brent crude oil is at $74.57 per barrel, and the price of WTI crude oil is at $70.57 per barrel. Oil prices are customarily quoted in dollars (USD) around the world, not only in ...

The Organization of the Petroleum Exporting Countries stuck to its oil-demand forecast after reaffirming plans to gradually hike output from April, but said U.S. President Trump’s trade policy ...

Tuesday at the India Energy Week conference, OPEC Secretary General ... the low volatility of oil prices in the past year, attributing it to the clear and deliberate decisions made by OPEC+. President ...

LONDON/SINGAPORE, Feb 13 (Reuters) - Russia may be forced to throttle back its oil output in the coming months as U.S. sanctions hamper its access to tankers to sail to Asia and Ukrainian drone ...