Iran and Russia have also been ramping up exports. Energy analysts say Saudi Arabia may have thrown in the towel and switched ...

Inayat-ur-Rahman, Business Editor / Reuters Eight Opec+ countries unexpectedly agreed to advance their plan to phase out oil ...

Saudi Arabia's anger at Kazakhstan and other over producing nations was the key driver behind a shock decision by the OPEC+ ...

Oil prices were heading towards their lowest close since the midst of the coronavirus pandemic in 2021 on Friday, hit by US ...

Markets were stunned when OPEC when chose not only to go ahead with its plans to raise oil production, but also to nearly ...

The oil-exporting countries of the Persian Gulf weren't spared from President Trump's sweeping global tariffs, despite ...

After a meeting of the eight countries held online on Thursday, the group announced it would boost output by 411,000 bpd in ...

Saudi Arabia and other members of the OPEC Plus group accelerated their program to put more oil on the market, adding to a ...

MOSCOW, April 3. /TASS/. Brent oil futures with delivery in June 2025 plunged by more than 5% amid the OPEC statement that eight OPEC+ countries will boost oil production. WTI oil futures with the ...

With the world gripped by trade war, Trump imposed a 10% tariff on most goods imported to the United States. China, the ...

However, Trump’s sweeping new tariffs, including a baseline of 10 per cent and 25 per cent on imported cars, are unlikely to ...

"Tomorrow's meeting is just to make the new Kazakhstan minister aware of the importance of meeting his required production and compensating for the surplus," one of the delegates said. Both declined ...