Saudi Arabia's drive to rapidly increase OPEC+ oil output may put Riyadh in the pole position to regain market share today ...

Growing supply from the OPEC+ group, although not as high as the monthly headline figures suggest, is set to create an ...

A group of eight major oil producers - Saudi Arabia, Russia, the United Arab Emirates, Kuwait, Oman, Iraq, Kazakhstan and Algeria - decided on Saturday to increase joint production by 548,000 barrels ...

TEHRAN - Iran has become the second-largest oil refiner among OPEC member states, with a daily refining capacity of 2.237 million barrels — accounting for 16 percent of OPEC’s total and 2.1 percent of ...

The move follows a series of production boosts initiated in April 2025 and comes amidst pressures to meet global demand and ...

OPEC+ members, including Saudi Arabia and Russia, have agreed to increase oil production by 548,000 barrels per day starting in August.

Last month, following a collapse in the price of Brent crude to a four-year low, Saudi Arabia and its OPEC-plus partners announced their second consecutive monthly supply hike.

The weekly Department of Energy/Energy Information Administration average weekly retail diesel price rose 1.2 cents/gallon ...

The moderation in prices comes after Trump issued formal notifications to several trading partners that significantly higher ...

Oil prices eased on Tuesday after rising almost 2% in the previous session, as investors assessed new developments on U.S. tariffs and a higher-than-expected OPEC+ output hike for August.

The journey of Pakistan towards attaining self-reliance in the energy sector continues at a fast pace under the Special ...

On Saturday, the Organization of the Petroleum Exporting Countries and allies, a group known as OPEC+, agreed to raise ...