Organization of the Petroleum Exporting Countries

Oil prices dropped for a second day on Wednesday on signs of ample U.S. supplies and expectations of further interest rate hikes, though forecasts of higher 2023 demand growth and a…

Oil prices extended losses on Monday as looming increases to interest rates by major central banks and signs of strong Russian exports offset rising Middle East tension over a drone attack…

Oil rose about $1 a barrel on Thursday, supported by the potential for OPEC+ to cut supply further and as easing COVID curbs in China raised the likelihood of higher demand from the world's…

Oil prices rose slightly in early Asian trade on Tuesday, a day after Saudi Arabia denied a media report that it was discussing an increase in oil supply with OPEC and its allies. Brent…

Oil fell by more than $3 a barrel on Friday and was on track for a second weekly decline, pressured by concern about weakening demand in China and further increases to U.S. interest rates.…

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The OPEC+ alliance of oil-exporting countries has decided to sharply cut production to support sagging oil prices The OPEC+ alliance of oil-exporting countries has decided to sharply cut…

Oil prices turned down in early trade on Friday after a slight rebound in the previous session, leaving them set to fall for a second straight week on worries that central banks' aggressive…

OPEC on Thursday cut its 2022 forecast for growth in world oil demand for a third time since April, citing the economic impact of Russia's invasion of Ukraine, high inflation and efforts to…

Oil prices edged lower on Tuesday, extending losses from the previous session, as investors worried about global oil demand following weak manufacturing data in several countries. Brent…