The eight key members of the OPEC+ alliance, including Saudi Arabia and Russia, on Sunday said they had agreed a further slight hike to their oil production.

Brent crude oil prices are forecast to trade at $60-$65 a barrel in 2026, MBSB Research analysts write in a report. Oil supply is projected to rise by an additional 2.4 million barrels a day next year ...

Eight member countries of OPEC and OPEC+, including Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman, decided to drastically reduce production increases in the fourth quarter ...

OPEC+ managed to both meet market expectations and deliver a surprise by agreeing to a small rise in crude oil output for December, but then pausing for the first quarter of next year.

Oil prices climbed in early Asian trade on Monday after OPEC+ decided to hold off production hikes in the first quarter of ...

Crude oil prices have slumped around 15% year to date amid a production boost by the OPEC+ countries. The eight nations of OPEC+ announced Sunday they will pause oil-production hikes in the first ...

According to Reuters' industry sources, the shift marks a notable change for Turkey — one of the main buyers of Russian oil, ...

China’s stockpiling has also helped stabilize oil prices, with Brent crude holding near $65 a barrel after touching five-year ...

Crude prices have slumped this year. Brent oil, the global benchmark price, is currently in the mid-$60s, down about $10 a ...

The cushion could protect the country from any short-term supply disruptions related to new U.S. sanctions on Russian crude.

Owner: Reliance Industries Limited Commissioned in 1999 and expanded in 2008, the Jamnagar Refinery in Gujarat, India, is the ...