The Gulf Arab states have cut production because they are unable to export through the Strait of Hormuz due to the war.

With the US-Iran-Israel war intensifying as of late April 2026, the crisis has entered its ninth week. The closure of the ...

A flurry of bets on Brent crude falling below $60 a barrel this year changed hands in recent days, a sign investors are hedging against the risk of another large production hike from OPEC and its ...

Even modest shifts in OPEC output can influence global prices, supply expectations and economic planning.

Many groups, including the International Energy Agency, predict that the world’s peak oil production is close, and global oil demand will drop starting in the next decade as more renewables come ...

By Alex Lawler LONDON, April 13 (Reuters) - OPEC on Monday lowered its forecast for world oil demand in the second quarter by ...

Yahoo Finance Markets and Data Editor Jared Blikre tracks Tuesday's top moving stocks and biggest market stories.In March, the Organization of the Petroleum Exporting Countries (OPEC) saw the largest ...

OPEC+ has agreed to further raise oil production beginning in October as leader Saudi Arabia pushes to regain market share, while slowing the pace of increases compared with previous months due to an ...

Reuters.com is your online source for the latest news stories and current events, ensuring our readers up to date with any ...

Global oil demand is projected to average 105.07 million bpd in the second quarter, OPEC's report said, down from the 105.57 ...