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.” By Eshe Nelson Reporting from London The ...

A pumpjack and a Yellowjacket Oilfield Services fracking rig sit next to Highway 191 in Midland County. (Odessa American File Photo) In clear move to take global oil market share from Permian Basin ...

OPEC+ will likely raise oil output again in November as the group continues its strategy to reclaim global market share, according to people familiar with its plans. Image by Torval Mork via iStock ...

ICE Brent was trading above $65/bbl while NYMEX WTI was seen approaching $62/bbl this morning, amid a modest OPEC+ production increase for November and higher geopolitical risks. Recent reports ...

LONDON (Reuters) -OPEC said the global economy may perform better than expected in the second half of the year despite trade conflicts and refineries' crude intake would remain elevated to meet the ...