Oil prices slumped on Monday after eight OPEC+ members announced a sharp increase in production, while Asian stocks treaded ...

Crude oil futures traded below $60 a barrel on Monday morning after the Organisation of the Petroleum Exporting Countries and ...

Oil buckled on concerns of a global glut after OPEC+ agreed to another bumper output increase, adding to supply at a time ...

Shell Plc is working with advisers to potentially acquire BP Plc (formerly known as British Petroleum), amid a potential ...

Opec+ on Saturday announced oil production hikes in June for a second consecutive month, with a planned output increase of ...

Gold edged higher in Asia amid losses in U.S. stock-index futures. The precious metal's direction is likely to be determined by equities' direction and risk appetite, said Fawad Razaqzada, a market ...

Brent crude futures fell $2.04, or 3.33%, to $59.25 a barrel by 2240 GMT, while U.S. West Texas Intermediate dropped $2.10, ...

OPEC+ is implementing another aggressive supply hike. Effective in June, this increase solidifies a shift in policy. With ...