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 ...

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

OPEC+ ministers from eight nations that are gradually raising oil output will meet online on Thursday and are likely to ...

The National Iranian Oil Company (NIOC) was established in 1948 and is owned by the government of Iran. It is a member of OPEC. Headquartered in Tehran, Iran, NIOC was first called the Anglo Persian ...

Kuwait has approved a new financing and liquidity law, enabling it to borrow up to $97.3 billion to fund projects aimed at ...

Russian President Vladimir Putin spoke to United Arab Emirates President Sheikh Mohammed bin Zayed about OPEC+ cooperation ...

-- West Texas Intermediate crude for May delivery CL.1 CLK25 climbed by 21 cents, or 0.3%, to settle at $68.28 a barrel on the New York Mercantile Exchange, with prices for the front month contract up ...