Goldman Sachs anticipates the eight country OPEC+ oil group will implement a final 0.41 million barrels per day (mb/d) ...

Big moves, though not big enough to sink oil prices. You might, therefore, think that OPEC + is in total control. After all, ...

Saudi Arabia and the United Arab Emirates see a chance to ratchet up production in July, the third consecutive month of ...

Brent crude for August rose as much as 2.1% to $64.09 a barrel, after losing 2.2% last week, while West Texas Intermediate ...

The world’s largest group of oil producers, OPEC+, stuck to its guns on Saturday with another big increase of 411,000 barrels ...

Crude oil futures ended lower as the market awaits the outcome of Saturday's OPEC+ meeting, where the group is widely ...

The industry is bracing for the OPEC Plus oil cartel’s meeting on Saturday, which is widely expected to further increase oil ...

Hedge funds loaded up on the most bearish bets against Brent crude since October as the market braced for a fresh injection ...

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

High inventories, OPEC output hikes and an uncertain global macroeconomic climate all seem to point to likely lower crude oil ...

Saudi Arabia and its partners have discussed another large output hike, even as prices slide and demand wavers.

Market focus has shifted toward potential supply hikes from eight OPEC members that have been carrying out separate voluntary ...