The Saudi-led OPEC oil cartel and allied producers including Russia did not change their targets for shipping oil to the global economy amid uncertainty about the impact of new Western sanctions…

OPEC+ member states lined up on Sunday to endorse a steep production cut agreed this month after the White House, stepping up a war of words with Riyadh, claimed Saudi Arabia had pushed some other…

Saudi Aramco has kept the November official selling price (OSP) for its Arab Light grade for Asian customers unchanged from October, three sources with knowledge of the matter said on Thursday,…

Oil prices rose on Monday as Iranian nuclear talks appeared to hit obstacles and an embargo on Russian oil shipments loomed, with tight supply struggling to meet still robust demand. Brent crude…

Oil prices climbed on Friday on expectations that OPEC+ will discuss output cuts at a meeting on Sept. 5, though concern over China's COVID-19 curbs and weakness in the global economy continued to…

The OPEC+ Joint Technical Committee (JTC) expects a 2023 oil market deficit of 300,000 barrels per day (bpd) under its base case, according to a document. The JTC, which met on Wednesday, expects…

Oil prices edged up on Tuesday after Saudi Arabia warned that OPEC could cut output to correct a recent drop in oil futures. Brent crude futures rose 32 cents to $96.80 a barrel by 0004 GMT, after…