Producers' group reacts as the Middle East crisis threatens to fan a geopolitical risk driven oil price spike in a market ...

By Olesya Astakhova, Alex Lawler and Ahmad Ghaddar LONDON/MOSCOW, March 1 (Reuters) - OPEC+ agreed a modest oil output boost ...

Gulf Arab oil producers are cutting production as they run out of storage space because they can't export through the Strait of Hormuz ...

Brent oil prices could spike above $100 per barrel if the Gulf Arab countries run out of storage space and shut down production, according to JPMorgan.

The largest oil producers in the Middle East Gulf have cut their combined output by over 5 million barrels per day as the halt of tanker traffic in the Strait of Hormuz chokes off crude exports.

The cartel pledged to increase output by 206,000 barrels a day from next month, and said that members would “closely monitor and assess market conditions.” ...

OPEC will increase oil production by 206,000 barrels a day next month amid rising crude prices due to US-Israeli strikes on ...

There is ... a risk that the OPEC decision is moot', Alan Gelder, SVP of Refining, Chemicals and Oil Markets at Wood ...

The U.S. Energy Information Administration quietly rewrote a key assumption about the global oil market this week: OPEC can produce more oil than previously thought. In its December Short-Term Energy ...

The focus of this post is an overview of world oil production along with a more detailed review of the top 11 non-OPEC oil-producing countries. The world’s October oil production decreased by 67 kb/d ...

OPEC+ will consider a larger-than-expected oil output increase on Sunday, two OPEC+ sources said after ‌the U.-Israeli war on OPEC+ member Iran and Tehran's ...