The Organization of the Petroleum Exporting Countries (OPEC) and its crude-producing allies, OPEC+, agreed to maintain their production plan, despite calls from other countries to increase ...

President Joe Biden said on Sunday that it was “not at all inconsistent” for him to push energy-producing countries to ramp up production of fossil fuels ...

LONDON—OPEC+ said on Monday it would stick to an existing pact for a gradual increase in oil output, sending crude prices to three-year highs and adding ...

The Biden administration is planning to vote against World Bank initiatives to fund oil production projects around the world. It says it’s to address the climate ...

WASHINGTON—Worried about rising gas prices, the Biden administration has called on oil-producing countries including Saudi Arabia and Russia to raise their oil production. Strong recovery in ...

Oil prices are still rising due to high demand and low supply, but OPEC+ can’t reach an agreement to hold production at these artificially low levels. ...

Oil prices are rising due to high demand and low supply. OPEC+ countries are canceling crisis talks because they can’t agree on what to do. What does one ...

It looks like OPEC, the group of oil-producing nations, won’t ramp up production any faster than planned, despite low inventories and rising prices across the world. Oil ...

Oil prices have almost doubled in the last six or seven months, but the Organization of the Petroleum Exporting Countries (OPEC) is sticking to its gradual ...

OPEC and Russia’s unprecedented production cuts last spring lifted oil prices out of a death spiral. Nearly a year later, the group is under pressure to ...

Oil prices fell on fears about the economic fallout from rising COVID-19 cases and on oversupply worries as OPEC is set to wind back output cuts.

Dozens of tornadoes hit the southeast U.S., OPEC and oil-producing nations agree to historic oil production cuts, and people celebrate their faith this Easter amid social ...

Oil prices fluctuated on April 13 as the positive impact of major producers agreeing record global output cuts was offset by concerns they will not be ...

BAKU/DUBAI/LONDON—OPEC and allies led by Russia agreed on Sunday to cut oil output by a record amount—representing around 10 percent of global supply—to support oil prices ...

Oil fell below $57 a barrel on Feb. 18, pressured by concerns over the impact on oil demand from the coronavirus outbreak in China.

Fears of a conflict escalation in the Middle East following the assassination of Iranian top general Qasem Soleimani by U.S. airstrikes may push the oil prices ...

After a two-week rally, oil prices fell more than 2 percent Jan. 14 as gloomy trade data from China deflated investor expectations for future demand. Brent ...

DUBAI/LONDON—Saudi Arabia’s plans to float state oil titan Aramco are prompting the country to think the unthinkable. Late last year, Saudi Arabia tried to get fellow ...

NEW YORK/HOUSTON (Reuters)—U.S. refineries are producing more fuel than ever as they seek to meet rising demand – from overseas, rather than the drivers on nearby ...

VIENNA (AP)—An alliance of many of the world’s biggest oil-producing nations extended their agreement to cut output for an additional nine months—an effort to support prices ...